FEDERAL · 26 U.S.C. · Chapter Subchapter A—Licensing
Collection of foreign items
26 U.S.C. § 7001
Title26 — Internal Revenue Code
ChapterSubchapter A—Licensing
This text of 26 U.S.C. § 7001 (Collection of foreign items) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 7001.
Text
(a)License
All persons undertaking as a matter of business or for profit the collection of foreign payments of interest or dividends by means of coupons, checks, or bills of exchange shall obtain a license from the Secretary and shall be subject to such regulations enabling the Government to obtain the information required under subtitle A (relating to income taxes) as the Secretary shall prescribe.
(b)Penalty for failure to obtain license
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Related
United States v. Michael Catalano
491 F.2d 268 (Second Circuit, 1974)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 845; Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
Editorial Notes
For penalty for failure to obtain the license provided for in this section, see section 7231.
Editorial Notes
Amendments
1976—Subsec. (a). Pub. L. 94–455 struck out "or his delegate" after "Secretary" wherever appearing.
Editorial Notes
Amendments
1976—Subsec. (a). Pub. L. 94–455 struck out "or his delegate" after "Secretary" wherever appearing.
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Bluebook (online)
26 U.S.C. § 7001, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/7001.