26 U.S.C. § 3123 — Deductions as constructive payments

FEDERAL · 26 U.S.C. · Chapter 21

Deductions as constructive payments

Current through Pub. L. 119-102

Title 26 — Internal Revenue Code·Ch. 21 — FEDERAL INSURANCE CONTRIBUTIONS ACT·Subch. C

Whenever under this chapter or any act of Congress, or under the law of any State, an employer is required or permitted to deduct any amount from the remuneration of an employee and to pay the amount deducted to the United States, a State, or any political subdivision thereof, then for purposes of this chapter the amount so deducted shall be considered to have been paid to the employee at the time of such deduction.

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Whenever under this chapter or any act of Congress, or under the law of any State, an employer is required or permitted to deduct any amount from the remuneration of an employee and to pay the amount deducted to the United States, a State, or any political subdivision thereof, then for purposes of this chapter the amount so deducted shall be considered to have been paid to the employee at the time of such deduction.

26 U.S.C. § 3123 (Deductions as constructive payments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Aug. 16, 1954, ch. 736, 68A Stat. 429.)

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Source Credit

History