26-U.S.C.-7341

§7341 – Penalty For Sales to Evade Tax

Pathway

Title 26 > Subtitle F > Chapter 75 > Subchapter D > Section 7341

Details

• Reference: Section 7341
• Legend: §7341 – Penalty For Sales to Evade Tax
• USCode Year: 2013

Provision Content

(a) Nonenforceability of contract

Whenever any person who is liable to pay any tax imposed by this title upon, for, or in respect of, any property sells or causes or allows the same to be sold before such tax is paid, with intent to avoid such tax, or in fraud of the internal revenue laws, any debt contracted in such sale, and any security given therefor, unless the same shall have been bona fide transferred to an innocent holder, shall be void, and the collection thereof shall not be enforced in any court.

(b) Forfeiture of sum paid on contract

If such property has been paid for, in whole or in part, the sum so paid shall be deemed forfeited.

(c) Moiety

Any person who shall sue for the sum so paid (in an action of debt) shall recover from the seller the amount so paid, one-half to his own use and the other half to the use of the United States.

(Aug. 16, 1954, ch. 736, 68A Stat. 872.)

U.S. Encyclopedia of Law Coverage

26-U.S.C.-7273 in the Legal Encyclopedia: Tax Administration

In this entry about 26-U.S.C.-7273, find legal reference material, bibliographies and premiere content related to tax administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax administration-specific issues, written by authorities in the field.

26-U.S.C.-7233 in the Legal Encyclopedia: Penalties

In this entry about 26-U.S.C.-7233, find legal reference material, bibliographies and premiere content related to penalties in the American Encyclopedia of Law, presenting a comprehensive view of the United States penalties-specific issues, written by authorities in the field.

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