26 U.S.C. § 7001
Collection of foreign items
# (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.
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Cited by 5
- 26 CFR § 301.7231-1 — Failure to obtain license for collection of foreign items.
- 26 CFR § 31.3111-6 — Recapture of credits under the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act.
- 26 CFR § 31.3221-5 — Recapture of credits under the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act.
- 26 U.S.C. § 6432 — Continuation coverage premium assistance
- 26 U.S.C. § 7231 — Failure to obtain license for collection of foreign items
Nearby sections (25 sections)
- 6862 · Jeopardy assessment of taxes other than income, estate, gift,…
- 6863 · Stay of collection of jeopardy assessments
- 6864 · Termination of extended period for payment in case of carryback
- 6867 · Presumptions where owner of large amount of cash is not…
- 6871 · Claims for income, estate, gift, and certain excise taxes in…
- 6872 · Suspension of period on assessment
- 6873 · Unpaid claims
- 6901 · Transferred assets
- 6902 · Provisions of special application to transferees
- 6903 · Notice of fiduciary relationship
- 6904 · Prohibition of injunctions
- 6905 · Discharge of executor from personal liability for decedent’s…
- 7001 · Collection of foreign items
- 7011 · Registration—persons paying a special tax
- 7012 · Cross references
- 7101 · Form of bonds
- 7102 · Single bond in lieu of multiple bonds
- 7103 · Cross references—Other provisions for bonds
- 7121 · Closing agreements
- 7122 · Compromises
- 7123 · Appeals dispute resolution procedures
- 7124 · Cross references
- 7201 · Attempt to evade or defeat tax
- 7202 · Willful failure to collect or pay over tax
- 7203 · Willful failure to file return, supply information, or pay tax