Internal Revenue Code · 26 U.S.C.
§ 7501. Liability for taxes withheld or collected
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 7501
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 2 subsections · 113 words · about 1 min to read
- Cross-references
- cites 2; cited by 0 Code sections and 2 other regulations
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.
(Aug. 16, 1954, ch. 736, 68A Stat. 895.)
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 2 other sections
- § 6672 Failure to collect and pay over tax, or attempt to evade or defeat tax
- § 7202 Willful failure to collect or pay over tax