26 U.S.C. § 5123 — Preservation and inspection of records, and entry of premises for inspection
submitted 68 years ago by Pub. L. 85-859 to r/title-26-INTERNAL-REVENUE-CODE · 123 words · no verdicts yet
This section sets rules about preservation and inspection of records, and entry of premises for inspection. It states the duties, permissions, conditions, exceptions, and limits that apply under this section.
(a) Preservation and inspection of records Any records or other documents required to be kept under this part or regulations issued pursuant to it must be preserved by the person required to keep that records or documents, as the Secretary* may by regulations prescribe, and must be kept available for inspection by any internal revenue officer during business hours.
(b) Entry of premises for inspection The Secretary may enter during business hours the premises (including places of storage) of any dealer* for the purpose of inspecting or examining any records or other documents required to be kept by that dealer under this chapter or regulations issued pursuant to it and any distilled spirits*, wines, or beer kept or stored by that dealer on that premises.
Any records or other documents required to be kept under this part or regulations issued pursuant thereto shall be preserved by the person required to keep such records or documents, as the Secretary* may by regulations prescribe, and shall be kept available for inspection by any internal revenue officer during business hours.
The Secretary may enter during business hours the premises (including places of storage) of any dealer* for the purpose of inspecting or examining any records or other documents required to be kept by such dealer under this chapter or regulations issued pursuant thereto and any distilled spirits*, wines, or beer kept or stored by such dealer on such premises.
Source credit: (Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1348, § 5146; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; renumbered § 5123, Pub. L. 109–59, title XI, § 11125(b)(7), Aug. 10, 2005, 119 Stat. 1955.)
- 1958Enacted · Pub. L. 85-859 · 72 Stat. 1348
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1834
- 2005Amended · Pub. L. 109-59 · 119 Stat. 1955
A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-859 on 1958-09-02.
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