§367.2410. Account 241, Tax collections payable.
18 C.F.R. § 367.2410
This account must include the amount of taxes collected by the service company through payroll deductions or otherwise pending transmittal of the taxes to the proper taxing authority.
Do not include liability for taxes assessed directly against the service company that is accounted for as part of the service company's own tax expense.
Notes, amendments, and revision history
Authority
Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.
Source
Source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.