{"identifier":"/us/usc/t26/s7001","title":26,"num":"\u00a7\u202f7001.","heading":"Collection of foreign items","text":"\u00a7\u202f7001.\nCollection of foreign items\n(a)\nLicense\nAll 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.\n(b)\nPenalty for failure to obtain license\nFor penalty for failure to obtain the license provided for in this section, see section 7231.","url":"https://projectusc.org/usc/t26/s7001.html","content":[{"t":"sec","id":"/us/usc/t26/s7001","children":[{"t":"num","text":"\u00a7\u202f7001."},{"t":"heading","text":"Collection of foreign items"},{"t":"subsec","id":"/us/usc/t26/s7001/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"License"},{"t":"content","children":[{"t":"p","text":"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.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t26/s7001/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Penalty for failure to obtain license"},{"t":"content","children":[{"t":"p","text":"For penalty for failure to obtain the license provided for in this section, see section 7231.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}