Fraud

Fraud means:
the willful intent of a taxpayer to evade a tax. The U.S. Internal Revenue Service bears the burden of proof of intentional wrongdoing, and the intent required is the specific purpose of evading a tax believed to be owed. Negligence, whether slight or great, is not equivalent to fraud with the intent to evade a tax. If, however, a taxpayer falsely claimed that his automobile was stolen in order to take a casualty deduction, he would probably be committing fraud. Mitchell v. Comm., 118 F.2d 308 (CA-5, 1941). Former IRC (check if this IRC provision is current here) §7454.

A deception by misrepresentation of material facts, or silence when good faith requires expression, resulting in material damage to one who relies on it and has the right to rely on it. Simply stated, it is obtaining something of value from someone else through deceit.

U.S. and other Developed Countries International Tax Meaning

Tax fraud is a form of deliberate evasion of tax which is generally punishable under criminal law. The term includes situations in which deliberately false statements are submitted, fake documents are produced, etc.

See Offshore Bank in the American Encyclopedia and Offshore Bank in the World Encyclopedia.

See Tax Evasion in the U.S. Encyclopedia of Law and Tax Evasion in the World Encyclopedia of Law.