26 U.S.C. § 1462 — Withheld tax as credit to recipient of income
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 49 words · no verdicts yet
Income subject to withholding must be included on the recipient’s tax return. The withheld amount is credited against the income tax calculated on that return.
The recipient must include income subject to withholding in the recipient’s return. The tax withheld at the source is credited against the income tax calculated in that return.
Income on which any tax is required to be withheld at the source under this chapter shall be included in the return of the recipient of such income, but any amount of tax so withheld shall be credited against the amount of income tax as computed in such return.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 360.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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