Internal Revenue Code:Sec. 3123. Deductions as constructive payments

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Contents


Location in Internal Revenue Code


     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle C - Employment Taxes
       CHAPTER 21 - FEDERAL INSURANCE CONTRIBUTIONS ACT
        Subchapter C - General Provisions
      

Statute

    Sec. 3123. Deductions as constructive payments
 
      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.
 

Sources

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

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