§ 7501. Liability for taxes withheld or collected

Statutory text

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.

Penalties

For penalties applicable to violations of this section, see sections 6672 and 7202.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1954
(Aug. 16, 1954, ch. 736, 68A Stat. 895.) · 68A Stat. 895
Enacted · 26 U.S.C. § 7501
(Aug. 16, 1954, ch. 736, 68A Stat. 895.)
Source evidence
Code source credit
(Aug. 16, 1954, ch. 736, 68A Stat. 895.)

0 of 1 references resolved to an enrolled provision · 1 partial

Credits

(Aug. 16, 1954, ch. 736, 68A Stat. 895.)