26 U.S.C. § 7501 — Liability for taxes withheld or collected
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 105 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Whenever any person is required to collect or withhold any internal revenue tax from any other person and to pay over such tax to the United States, the amount of tax so collected or withheld shall be held to be a special fund* in trust for the United States. The amount of such fund shall be assessed, collected, and paid in the same manner and subject to the same provisions and limitations (including penalties) as are applicable with respect to the taxes from which such fund arose.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 895.)
- 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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