The following are all elements of Title 26,U.S.Code Section 7201 EXCEPT:
A)not reporting bribe income may be grounds for being charged with tax evasion.
B)filing income tax that excludes income from fraud may be considered an improper tax filing.
C)bribes may be deducted as legitimate business expenses.
D)failure to report income from fraud may be grounds for being charged with tax evasion.

Question

Quizplus · Accepted Answer

The other three options are elements of Title 26,U.S.Code Section 7201, which deals with tax evasion. However, bribes cannot be deducted as legitimate business expenses, as this would be considered illegal and fraudulent.

The Following Are All Elements of Title 26,U