26-U.S.C.-7501

§7501 – Liability For Taxes Withheld Or Collected

Pathway

Title 26 > Subtitle F > Chapter 77 > Section 7501

Details

• Reference: Section 7501
• Legend: §7501 – Liability For Taxes Withheld Or Collected
• USCode Year: 2013

Provision Content

(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.)

U.S. Encyclopedia of Law Coverage

Subchapter E – in the Legal Encyclopedia: Tax Administration

In this entry about Subchapter E – , find legal reference material, bibliographies and premiere content related to tax administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax administration-specific issues, written by authorities in the field.

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