Tax evasion : an overview

Tax evasion: an overview

Tax evasion is to avoid using illegal means, pay taxes. Typically include tax evasion schemes, a single person or a corporation misrepresentation of their income to the Internal Revenue Service. False information may be either hiding in the form of unreported income, inflation and interest deductions or money in all offshore accounts. The U.S. government projects that the fiscal year 2007, the government losing 345 billion U.S. dollars for tax evasion.

People engaged in illegal parties often tax evasion, because the coverage would be their real personal income are used as an admission of guilt and could be criminal consequences. Persons who may, to this result as a legitimate source of money laundering try face charges report.



In the United States is tax evasion a crime, may give rise to significant fines, imprisonment or both. § 7201 of the Internal Revenue Code provides: "Whoever willfully attempts in any way circumvent or evade tax imposed on this title or the payment thereof shall be in addition to other penalties provided by law, guilty of a felony and on conviction thereof, shall not be more than $ 100,000 ($ 500,000 in the case of a corporation) punished, or imprisoned not more than 5 years, or both, together with the costs of prosecution. "



The proof of the crime requires first prove the related fact that an unpaid tax obligation. Second, the prosecution some affirmative act by the defendant to prove to circumvent or attempt to evade a tax. Third, most prosecutors show that the defendant had the specific intent to evade a legal obligation to pay known. To convict, the jury undoubtedly find the defendant guilty of each of these elements.