Question

In a criminal tax case, Darth Vader was charged with several counts of tax evasion and filing a false income tax return, stemming from his diversion of funds from Jedi, Inc., a closely held corporation of which he was president, founder, and controlling shareholder. At trial, the U.S. sought to establish that Vader had received taxable income by systematically diverting funds from Jedi to support a lavish lifestyle. Vader gave millions of dollars of Jedi money to his mistress and millions of dollars to his wife, without reporting any of this money on his personal income tax returns. Vader siphoned off money primarily by writing checks to his employees and friends and having them return the cash to him, by diverting payments by Jedi customers, by submitting fraudulent invoices to Jedi and by laundering Jedi money through shell companies in Panama and St. Kitts-Nevis. In his defense, Vader sought to introduce evidence that Jedi had no retained earnings or current earnings or profits in the relevant taxable years. What result under §7201?

Answer 1

Safeguard of Darth isn't suitable in light of the fact that he methodically redirected all the assets of Jedi misguidedly for reason for sidestepping charges. In this way the every one of those assets being referred to will be considered while ascertaining the tax pay of Jedi.

From that point forward, it very well may be presumed that the Jedi has any current winning/Retained acquiring or not.

in the event that Darth discovered guilty,under sec.7201 he will be at risk to punishment, intrigue and arraignment charges