26-U.S.C.-7001

§7001 – Collection of Foreign Items

Pathway

Title 26 > Subtitle F > Chapter 72 > Subchapter A > Section 7001

Details

• Reference: Section 7001
• Legend: §7001 – Collection of Foreign Items
• USCode Year: 2013

Provision Content

(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

For penalty for failure to obtain the license provided for in this section, see section 7231.

(Aug. 16, 1954, ch. 736, 68A Stat. 845; Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)

Amendments

1976—Subsec. (a). Pub. L. 94–455 struck out or his delegate after Secretary wherever appearing.

U.S. Encyclopedia of Law Coverage

26-U.S.C.-6861 in the Legal Encyclopedia: Tax Administration

In this entry about 26-U.S.C.-6861, find legal reference material, bibliographies and premiere content related to tax administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax administration-specific issues, written by authorities in the field.

16-U.S.C.-825S-3 in the Legal Encyclopedia: Licensing

In this entry about 16-U.S.C.-825S-3, find legal reference material, bibliographies and premiere content related to licensing in the American Encyclopedia of Law, presenting a comprehensive view of the United States licensing-specific issues, written by authorities in the field.

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