26 U.S.C. § 6672
E92922
26 U.S.C. § 6672 is a federal tax law provision that imposes personal liability and penalties on individuals responsible for willfully failing to collect, account for, or pay over certain employment and other trust fund taxes.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Internal Revenue Code provision
ⓘ
United States federal statute ⓘ |
| administeredBy | Internal Revenue Service ⓘ |
| alsoKnownAs |
responsible person penalty
ⓘ
trust fund recovery penalty provision ⓘ |
| appliesTo |
Federal Insurance Contributions Act taxes
ⓘ
employment taxes required to be collected or withheld ⓘ persons other than the employer who are responsible for tax compliance ⓘ trust fund taxes ⓘ withheld income taxes ⓘ |
| appliesToPeriod | quarters or periods for which taxes were required to be collected or withheld ⓘ |
| appliesWhen |
person attempts in any manner to evade or defeat such tax or its payment
ⓘ
person required to collect, truthfully account for, and pay over tax fails to do so ⓘ |
| assessmentBasis | amount of tax not collected, accounted for, or paid over ⓘ |
| canApplyTo |
LLC managers or members with financial control
ⓘ
corporate officers ⓘ employees with authority over payroll and tax payments ⓘ other persons with significant control over corporate finances ⓘ partners in partnerships ⓘ |
| category | additions to the tax, additional amounts, and penalties ⓘ |
| chapterOf | Chapter 68 of the Internal Revenue Code ⓘ |
| citedAs |
26 U.S.C. 6672
ⓘ
IRC § 6672 ⓘ |
| codifiedIn | Title 26 of the United States Code ⓘ |
| collectionMethod | assessed and collected in the same manner as taxes ⓘ |
| doesNotRequire |
beneficial ownership of the business
ⓘ
receipt of personal benefit from the unpaid taxes ⓘ |
| enforcedBy |
Internal Revenue Service
ⓘ
surface form:
Internal Revenue Service Collection Division
|
| governs | liability of responsible persons for trust fund taxes ⓘ |
| imposes |
100 percent penalty equal to the amount of tax not collected or paid over
ⓘ
civil penalty for failure to collect, account for, or pay over tax ⓘ personal liability for certain unpaid taxes ⓘ |
| isDistinguishedFrom | penalties imposed directly on the employer entity ⓘ |
| isUsedIn | IRS trust fund recovery penalty investigations ⓘ |
| legalStandardForResponsiblePerson | person with duty and authority to collect, account for, or pay over tax ⓘ |
| legalStandardForWillfulness | voluntary, conscious, and intentional decision not to remit taxes ⓘ |
| liabilityNature | joint and several liability among responsible persons ⓘ |
| locatedInJurisdiction |
United States of America
ⓘ
surface form:
United States
|
| partOf | Internal Revenue Code ⓘ |
| penaltyLimit | penalty equals but does not exceed the amount of tax evaded or not paid over ⓘ |
| penaltyType | civil tax penalty ⓘ |
| protects |
United States Department of the Treasury
ⓘ
surface form:
United States Treasury
|
| purpose | to ensure payment of withheld trust fund taxes to the United States ⓘ |
| requires | assessment against specific individuals ⓘ |
| requiresElement |
responsible person status
ⓘ
willfulness ⓘ |
| subchapterOf | Subchapter B of Chapter 68 of the Internal Revenue Code ⓘ |
| subjectTo | judicial interpretation by federal courts ⓘ |
| taxType | assessable penalty ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.