26 U.S. Code $ 6001- Notice or regulations requiring records, statements, and special returns .
Every person liable for any tax imposed by this title, or for the collection thereof, shall keep such records, render such statements, make such returns, and comply with such rules and regulations as the Secretary may from time to time prescribe. Whenever in the judgment of the Secretary it is necessary, he may require any person, by notice served upon such make such returns, render such statements, or keep such records, as the Secretary deems sufficient to show whether or not such person is liable for only records which an employer shall be required to keep under this section in connection with charged tips shall comply with section 6053(c), and copies of statements furnished by employees under section 6053(a).
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U.S. Code 6001:
This code states that any person who falls within the purview of this code, has to pay the tax or collect it, in accordance with and as required by this code. All such people are required to maintain records, statements, returns and follow the rules and regulations which the Secretary will define from time to time.
If the Secretary judges that it is imperative then by way of a notice served to such a person, that person is required to maintain records, statements and returns. Based upon these, the Secretary decides whether that person has a tax liability under this code or not.
In case of an employer, under this code, the only record which s/he is required to keep in relation to charged tips will be charge receipts and records in compliance with section 6053(c) and copies of statements given by employees in compliance with section 6053(a).
26 U.S. Code $ 6001- Notice or regulations requiring records, statements, and special returns . Every...
CodeBreaker #1 8 8 unread replies. 8 8 replies. 26 U.S. Code § 6001 - Notice or regulations requiring records, statements, and special returns Every person liable for any tax imposed by this title, or for the collection thereof, shall keep such records, render such statements, make such returns, and comply with such rules and regulations as the Secretary may from time to time prescribe. Whenever in the judgment of the Secretary it is necessary, he may require any person,...
26 U.S. Code § 5203.Entry and examination of premises (b)Right of entry and examination It shall be lawful for any internal revenue officer at all times, as well by night as by day, to enter any distilled spirits plant, or any other premises where distilled spirits operations are carried on, or structure or place used in connection therewith for storage or other purposes; to make examination of the materials, equipment, and facilities thereon; and make such gauges and inventories as...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...