Title 26, Internal Revenue CodeRelease 119-102
§7231 Failure to Obtain License for Collection of Foreign Items
Title 26 › Subtitle F — Procedure and Administration › CHAPTER 75 — CRIMES, OTHER OFFENSES, AND FORFEITURES › Subchapter A — Crimes › PART II — PENALTIES APPLICABLE TO CERTAIN TAXES › § 7231
Summary
Knowingly collecting foreign payments without the required license or following the rules is a minor crime punishable by up to a $5,000 fine, 1 year in jail, 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
Aug 21, 2026
Release point: 119-102