Title 26, Internal Revenue CodeRelease 119-102
§7270 Insurance Policies
Title 26 › Subtitle F — Procedure and Administration › CHAPTER 75 — CRIMES, OTHER OFFENSES, AND FORFEITURES › Subchapter B — Other Offenses › § 7270
Summary
Anyone who breaks the rules about taxes on insurance policies from foreign insurers and tries to avoid the tax must pay a fine equal to twice the tax amount. That fine is in addition to any other penalties they may face.
Full Legal Text
Title 26, §7270
Internal Revenue Code, Source: USLM XML via OLRC
Any person who fails to comply with the requirements of section 4374 (relating to liability for tax on policies issued by foreign insurers), with intent to evade the tax shall, in addition to other penalties provided therefor, pay a fine of double the amount of the tax.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1976—Pub. L. 94–455 substituted “liability for tax on policies issued by foreign insurers” for “the affixing of stamps on insurance policies, etc.”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1976 AmendmentAmendment by Pub. L. 94–455 effective on first day of first month which begins more than 90 days after Oct. 4, 1976, see section 1904(d) of Pub. L. 94–455, set out as a note under section 4041 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 7270
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102