[Code of Federal Regulations]
[Title 26, Volume 16]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR44.4403-1]

[Page 36]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 44_TAXES ON WAGERING; EFFECTIVE JANUARY 1, 1955--Table of Contents
 
                         Subpart B_Tax on Wagers
 
Sec. 44.4403-1  Daily record.

    Every person liable for tax under section 4401 shall keep such 
records as will clearly show as to each day's operations:
    (a) The gross amount of all wagers accepted;
    (b) The gross amount of each class or type of wager accepted on each 
separate event, contest, or other wagering medium. For example, in the 
case of wagers accepted on a horse race, the daily record shall show 
separately the gross amount of each class or type of wagers (straight 
bets, parlays, ``if'' bets, etc.) accepted on each horse in the race. 
Similarly, in the case of the numbers game, the daily record shall show 
the gross amount of each class or type of wager accepted on each number.

For additional provisions relating to records, see section 6001 and 
Sec. 44.6001-1.