Tax liability
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 217 U.S. 443 - Citizens National Bank v. Commonwealth ex rel. Boyle County · 1910Most cited · 21 citing opinions
liability for a tax is not subject to the rules applicable to the vendor's equity. 'A man cannot get rid of his liability to a tax by buying without notice.
United States Code
26 U.S.C. § 995 — for the purposes of this part
The term “tax liability” means the amount of the tax imposed by this chapter for the taxable year reduced by credits allowable against such tax (other than credits allowable under sections 31, 32, and 34).