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§4403 — Record requirements

3 cases·3 cited

Statute Text — 26 U.S.C. §4403

Each person liable for tax under this subchapter shall keep a daily record showing the gross amount of all wagers on which he is so liable, in addition to all other records required pursuant to section 6001(a).

Treasury Regulations

  • Treas. Reg. §Treas. Reg. §44.4403-1 Daily record
  • Treas. Reg. §Treas. Reg. §44.4403-1(a) §44.4403-1(a)
  • Treas. Reg. §Treas. Reg. §44.4403-1(b) The gross amount of each class or type of wager accepted on each separate event, contest, or other wagering medium.

3 Citing Cases

Estate of William E. DeMuth, Jr., Deceased, Donald L. DeMuth, Executor, Petitioners T.C. Memo. 2022-72 · 2022
Estate of Gagliardi v. Commissioner 89 T.C. 1207 · 1987
Brown & Williamson v. FDA · Cir.