§4411 — Imposition of tax
3 citing cases
Statute Text — 26 U.S.C. §4411
There shall be imposed a special tax of $500 per year to be paid by each person who is liable for the tax imposed under section 4401 or who is engaged in receiving wagers for or on behalf of any person so liable.
Subsection (a) shall be applied by substituting “$50” for “$500” in the case of—
any person whose liability for tax under section 4401 is determined only under paragraph (1) of section 4401(a), and
any person who is engaged in receiving wagers only for or on behalf of persons described in paragraph (1).
Treasury Regulations
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Treas. Reg. §44.4411-1Imposition of tax
(a) In general. A special tax of $50 per year is required to be paid by each person:
(1) Who is liable for the tax imposed by section 4401, or
(2) Who is engaged in receiving wagers for or on behalf of any person who is liable for the tax imposed by section 4401.
(b) Examples. The application of paragraph (a) of this section may be illustrated by the following examples:
(c) Cross references. For provisions relating to the payment of the special tax (computation, manner of payment, etc.), see Subpart D of this part.
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Treas. Reg. §44.4411-1(a)In general.
In general. A special tax of $50 per year is required to be paid by each person:
(1) Who is liable for the tax imposed by section 4401, or
(2) Who is engaged in receiving wagers for or on behalf of any person who is liable for the tax imposed by section 4401.
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Treas. Reg. §44.4411-1(b)Examples.
Examples. The application of paragraph (a) of this section may be illustrated by the following examples:
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Treas. Reg. §44.4411-1(c)Cross references.
Cross references. For provisions relating to the payment of the special tax (computation, manner of payment, etc.), see Subpart D of this part.