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If the IRS Brings Charges Under Both Violations of IRC

question 6

Multiple Choice

If the IRS brings charges under both violations of IRC § 7201 and IRC § 7203, and the jury finds them not guilty for IRC § 7201, what happens with the charges under IRC § 7203?


Definitions:

Price Up

An increase in the cost of goods or services in the market.

Shortages

A situation in which the demand for a product or service exceeds its supply in a market.

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specific time period.

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