§ 7501. Liability for taxes withheld or collected
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/usc/title-26/section-7501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General rule 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.
(b)Penalties For penalties applicable to violations of this section, see sections 6672 and 7202.
(Aug. 16, 1954, ch. 736, 68A Stat. 895.)
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2 references not yet in our index
- Aug. 16, 1954, ch. 736
- 68A Stat. 895
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§ 7501
Liability for taxes withheld or collected
Pub. L.×5
Stat. Comp.×5
Stat.×1
U.S.C.×1
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 895
Cites 2Cited by 12 across 4 sources