Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section982&num=0&edition=prelim
Timestamp: 2020-08-14 23:30:55
Document Index: 484755460

Matched Legal Cases: ['§ 982', '§982', '§337', '§714', '§337', '§2']

[USC02] 26 USC 982: Admissibility of documentation maintained in foreign countries
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26 USC 982: Admissibility of documentation maintained in foreign countries Text contains those laws in effect on August 13, 2020
From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter N-Tax Based on Income From Sources Within or Without the United StatesPART III-INCOME FROM SOURCES WITHOUT THE UNITED STATESSubpart I-Admissibility of Documentation Maintained in Foreign Countries
§982. Admissibility of documentation maintained in foreign countries
(2) Foreign nondisclosure law not reasonable cause
(c) Formal document request
(1) Formal document request
The term "formal document request" means any request (made after the normal request procedures have failed to produce the requested documentation) for the production of foreign-based documentation which is mailed by registered or certified mail to the taxpayer at his last known address and which sets forth-
(A) the time and place for the production of the documentation,
(C) a description of the documentation being sought, and
(D) the consequences to the taxpayer of the failure to produce the documentation described in subparagraph (C).
(C) Suspension of 90-day period
(1) Foreign-based documentation
(3) Authority to extend 90-day period
(Added Pub. L. 97–248, title III, §337(a), Sept. 3, 1982, 96 Stat. 629 ; amended Pub. L. 98–369, div. A, title VII, §714(k), July 18, 1984, 98 Stat. 963 .)
1984-Subsec. (d)(3), (4). Pub. L. 98–369 redesignated par. (4) as (3) and struck out former par. (3) which provided that an item was to be treated as foreign connected if directly or indirectly from a source outside the United States, or the item (in whole or in part) purported to arise outside the United States, or was otherwise dependent on transactions occurring outside the United States.
Pub. L. 97–248, title III, §337(c), Sept. 3, 1982, 96 Stat. 630 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that: "The amendments made by this section [enacting this section] shall apply with respect to formal document requests (as defined in section 982(c)(1) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954], as added by this section) mailed after the date of the enactment of this Act [Sept. 3, 1982]."