Title 26 — Internal Revenue CodeRelease 119-73
§7231 Failure to obtain license for collection of foreign items
Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 75— - CRIMES, OTHER OFFENSES, AND FORFEITURES › Subchapter Subchapter A— - Crimes › Part PART II— - PENALTIES APPLICABLE TO CERTAIN TAXES › § 7231
Summary
Anyone who must have a license to collect certain foreign payments but knowingly collects those payments without the license or without following the rules commits a misdemeanor. If convicted, they can be fined up to $5,000, jailed for up to 1 year, or both.
Full Legal Text
Title 26, §7231
Internal Revenue Code — Source: USLM XML via OLRC
Any person required by section 7001 (relating to collection of certain foreign items) to obtain a license who knowingly undertakes to collect the payments described in section 7001 without having obtained a license therefor, or without complying with regulations prescribed under section 7001, shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $5,000, or imprisoned not more than 1 year, or both.
Reference
Citations & Metadata
Citation
26 U.S.C. § 7231
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73