Internal Revenue Code · 26 U.S.C.
§ 7268. Possession with intent to sell in fraud of law or to evade tax
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 7268
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 79 words · about 1 min to read
Every person who shall have in his custody or possession any goods, wares, merchandise, articles, or objects on which taxes are imposed by law, for the purpose of selling the same in fraud of the internal revenue laws, or with design to avoid payment of the taxes imposed thereon, shall be liable to a penalty of $500 or not less than double the amount of taxes fraudulently attempted to be evaded.
(Aug. 16, 1954, ch. 736, 68A Stat. 865.)
Where it sits in the Code
- Subtitle F Procedure and Administration
- Chapter 75 CRIMES, OTHER OFFENSES, AND FORFEITURES
- Subchapter B Other Offenses
Nearby sections
- § 7264 Repealed
- § 7265 Repealed
- § 7266 Repealed
- § 7267 Repealed
- § 7268 Possession with intent to sell in fraud of law or to evade tax
- § 7269 Failure to produce records
- § 7270 Insurance policies
- § 7271 Penalties for offenses relating to stamps
- § 7272 Penalty for failure to register or reregister