
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document affected by Public Law 107-134 Section 112(e)(1)]
[CITE: 26USC7501]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                Subtitle F--Procedure and Administration
 
                  CHAPTER 77--MISCELLANEOUS PROVISIONS
 
Sec. 7501. Liability for taxes withheld or collected


(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.)
