September 16, 2015

IRC Section 269 and when it disallows a net operating loss

With the enactment of IRC Code Section 269, Congress sought to combat certain tax evading strategies involved with the acquisition of a corporation (or its assets). […]
April 18, 2015

Does tax evasion definition include partnership LLC

Section 7201 defines the basic definition of tax evasion. It says that “any person” will be guilty of tax evasion if he attempts to evade or […]
February 4, 2015

Do later losses justify prior deductions?

It is a crime to knowingly overstate one’s deductions. I.R.C. Section 7201. The question posed here is whether one’s overstatement of his deductions somehow may be “justified” […]
October 3, 2014

What is the source of law that defines tax evasion?

The source of law that defines tax evasion is Section 7201 of the Internal Revenue Code. However, that definition has been expanded, amplified, and interpreted by […]
September 5, 2014

Is it tax evasion if my W-4 contains false statements?

Without knowing more about your specific facts and circumstances, this question cannot be answered. However, IRC Section 7201 finds a person liable for tax evasion when […]
August 12, 2014

IRC §7201 attempt to evade vs. common-law crime of attempt

No, IRC Section 7201’s definition of “attempt to evade” is materially different from “attempt” crime of common-law. This was one of the holdings of the Supreme […]