Responsible Person definition

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Responsible Person

Responsible Person logo #21212The "responsible person" penalty is imposed pursuant to 26 U.S.C. S 6672: Any person required to collect, truthfully account for, and pay over any tax imposed by this title who willfully fails to collect such tax, or truthfully account for and pay over such tax, . . . shall . . . be liable to a penalty equal to the total amount of the tax . . . not...
Found on http://www.lectlaw.com/def2/q070.htm
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