. 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, . The "responsible person" penalty is imposed pursuant to 26 U.S.C. Honestly, I would seek clarification from the people issuing the form because it is not very clear to me. 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, . Responsible person could just mean who is responsible for filling out the form, but it's possible it means someone like a manager who would be held accountable or responsible for the company if the form was filed incorrectly (for example). There’s no official definition in the Gun Control Act of 1968 , so we have to go by the ATF’s interpretation from 18 U.S.C. Synonyms: accountable, amenable, answerable… Antonyms: … Top synonym for responsible person (another word for responsible person) is person in charge. RESPONSIBLE PERSON. Responsible definition: If someone or something is responsible for a particular event or situation , they are the... | Meaning, pronunciation, translations and examples
. be liable to a penalty equal to the total amount of the tax . . Having established who the ‘responsible person’ is, in relation to a premises, it is important to address the responsibilities they hold. Definition of Responsible person. A responsible person takes care of one's responsibilities, whatever they are- doing chores around one's parents' home, taking education seriously, finding a job or career which you are suited to and doing your best at it. . . For all other entities, "responsible party" is the person who has a level of control over, or entitlement to, the funds or assets in the entity that, as a practical matter, enables the individual, directly or indirectly, to control, manage or direct the entity and the disposition of its funds and assets. A responsible person, in the legal sense, is one that would use good judgment, be prudent in his decision making processes, and have a track record of responsible living. . . Be upfront and admit when you’ve made a mistake . shall . A responsible person admits the real reasons why they haven’t done something. be liable to a penalty equal to the total amount of the tax .
Responsible: being the one who must meet an obligation or suffer the consequences for failing to do so.
shall . Even though we have the ATF’s definition of a “responsible person,” it’s still pretty vague. . . *Source New York State Form: DTF-17.1. The "responsible person" penalty is imposed pursuant to 26 U.S.C.