Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 7001
Collection of foreign items
Official textgovinfo.govlast amended
# (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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