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  2. Can You Go To Jail For Not Paying Taxes? - AOL

    www.aol.com/jail-not-paying-taxes-221349170.html

    Tax avoidance: There is a difference between tax avoidance and tax evasion. Avoidance involves utilizing legal tax strategies to pay less in taxes and won’t be punished, whereas evasion is ...

  3. Tax Fraud and Tax Evasion Penalties Explained - AOL

    www.aol.com/tax-fraud-tax-evasion-penalties...

    Tax evasion, failure to pay taxes, conspiracy to commit a tax offense or conspiracy to defraud: A maximum of five years in prison and a $250,000 fine.

  4. What Is Tax Evasion? - AOL

    www.aol.com/tax-evasion-175837370.html

    Tax evasion is a willful refusal to pay taxes that you owe, including income taxes, capital gains tax and even property tax. If you try to hide your income from the IRS and under-report what you ...

  5. Tax evasion in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_evasion_in_the_United...

    The U.S. Internal Revenue Code, 26 United States Code section 7201, provides: Sec. 7201. Attempt to evade or defeat tax Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 ...

  6. Tax evasion - Wikipedia

    en.wikipedia.org/wiki/Tax_evasion

    Tax evasion or tax fraud is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income ...

  7. IRS penalties - Wikipedia

    en.wikipedia.org/wiki/IRS_penalties

    The penalty for paying too little estimated tax or having too little tax withheld is computed with interest on the amount that should have been, but was not, paid. [ 3 ] Where a taxpayer has filed an income or excise tax return that shows a balance due but does not pay that balance by the due date of the return (without extensions), a different ...

  8. Tax Fraud and Tax Evasion Penalties Explained - AOL

    www.aol.com/finance/tax-fraud-tax-evasion...

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  9. Taxation of illegal income in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_of_illegal_income...

    Al Capone was successfully prosecuted for tax evasion. Additionally, Soviet spy Aldrich Ames, who had earned more than $2 million cash for his espionage, was also charged with tax evasion as none of the Soviet money was reported on his tax returns. Ames attempted to have the tax evasion charge dismissed on the grounds his espionage profits were ...

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