§4412 — Title 26 Internal Revenue Code | U.S. Code

Summary

Anyone who must pay the special occupational tax on wagering has to register with the IRS, giving their name and home address. A person liable for the wagering tax must also register each place of business where the betting activity happens and the name and address of everyone who receives wagers for them. Someone who takes bets on behalf of another person must register that person's name and address. For firms or companies, the names and addresses of each member must be registered, and the IRS can require additional information as needed for enforcement.

Title 26, §4412

Internal Revenue Code — Source: USLM XML via OLRC

(a)Each person required to pay a special tax under this subchapter shall register with the official in charge of the internal revenue district—

(1)his name and place of residence;

(2)if he is liable for tax under subchapter A, each place of business where the activity which makes him so liable is carried on, and the name and place of residence of each person who is engaged in receiving wagers for him or on his behalf; and

(3)if he is engaged in receiving wagers for or on behalf of any person liable for tax under subchapter A, the name and place of residence of each such person.

(b)Where subsection (a) requires the name and place of residence of a firm or company to be registered, the names and places of residence of the several persons constituting the firm or company shall be registered.

(c)In accordance with regulations prescribed by the Secretary, the Secretary may require from time to time such supplemental information from any person required to register under this section as may be needful to the enforcement of this chapter.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1976—Subsec. (c). Pub. L. 94–455 substituted “the Secretary may” for “he or his delegate may”.

Statutory Notes and Related Subsidiaries

Persons Paying Tax and Registering Before

December 1, 1974Persons registered before Dec. 1, 1974 under this section (as in effect on

July 1, 1974) for the year ending

June 30, 1975, not required to reregister under this section for such year, see section 3(d)(2) of Pub. L. 93–499, set out as a note under section 4411 of this title.

§4412 Registration