I.R.C. § 7001(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.
I.R.C. § 7001(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; Oct. 4, 1976, Pub. L. 94-455, title XIX, 1906(b)(13)(A), 90 Stat. 1834.)
Background Notes
Amendments
1976--Subsec. (a). Pub. L. 94-455 struck out “or his delegate” after “Secretary”
wherever appearing.
Section Referred to in Other Sections
This section is referred to in section 7231 of this title.
