Definitions for "Internal Revenue Code"
Related Terms:
Revenue ruling, Irs, Deductible gift recipient, Enrolled agent, Tax reform act of 1986, Section 501, Allowances, Alternative minimum tax, Amt, Internal revenue service, Tax exempt, Dependency exemption, Federal income tax, Tax deductions, Private letter ruling, Inland revenue, Backup withholding, Withholding tax, Exemption, Tax table, Eitc, Itc, Tax audit, Exempt, Itemized deduction, Egtrra, Tax preference items, Tax return, Tax bracket, Personal exemption, Tax deduction, Taxation, Income tax, Earned income tax credit, Tax-exempt income, Modified agi, Tax deductible, Tax exemption, Tax-deductible, Before-tax income, Tax rates, Tax credit, Taxable income, Tax, Deduction, Unrelated business taxable income, Standard deduction, Exemptions, Tax levy
All federal tax laws. Originally written in 1939, and thoroughly revised in 1954.
All federal tax laws that define tax liabilities for taxpayers.
In the Periodic Payment Settlement Act of 1982, Congress adopted specific tax rules to encourage the use of structured settlements to resolve physical injury cases. Section 104(a)(2) of the Internal Revenue Code clarifies that the full amount of the structured settlement payments is tax-free to the victim.
In structured settlements, Section 130(c) of the Internal Revenue Code allows a defendant to make qualified assignment of liability and the plaintiff still retains his tax-exempt status. To the top
This is the tax law that was established by congress. It is written in general terms, so much can be left up to interpretation (See definitions for Revenue Ruling, Private Letter Ruling, and Court Cases). However, some items which are explicitly outlined in the code must be followed as they re written. Examples in Section 1031 include the 45 and 180 day deadlines and like-kind definitions.
The law, passed by Congress, that specifies how and what income is to be taxed, and what may be deducted from taxable income.
The laws established by Congress that defined how the federal government may tax residents and citizens of the U.S. Of particular interest to employers are sections 401 and 457 which outline requirements for qualified retirement and deferred compensation plans.
Collection of federal tax laws which govern business entities' and individuals' taxes. The Internal Revenue Code is a tool used by the Internal Revenue Service when determining income and business taxes.
The laws governing taxation in the United States, administered by the Internal Revenue Service.
Internal Revenue Service (IRS) Internal Revenue Service Restructuring and Reform Act of 1998
The codification of the numerous revenue acts passed by Congress that comprise our existing tax laws.
Internal Revenue Code of 1986. This is the basic federal tax law.
Federal tax laws. Generally referred to as the Internal Revenue Code of 1986, which was the year of the latest major overhaul of the Code. The IRC also comprises Title 26 of the United States Code.
Refers to the Internal Revenue Code (Code) of 1986, as amended. This is the written tax law as enacted by the U.S. Congress. The U.S. Department of the Treasury issues regulations to interpret the Internal Revenue Code (Code). Revenue Rulings published by the IRS provide information and guidance in applying the tax law and regulations correctly and uniformly. Also see “Internal Revenue Service,” “Regulations,” and “Revenue Rulings.
Collection of tax rules of the federal government. Also referred to as Title 26 of the United States Code.
The Laws enacted by the U.S. Congress to define the tax obligations of U.S. persons.
United States tax law consisting of rules and regulations to be followed by taxpayers and is continually revised and amended.
The Internal Revenue Code (or IRC) (more formally, the Internal Revenue Code of 1986, as amended) is the main body of domestic statutory tax law of the United States organized topically, including laws covering the income tax (see Income tax in the United States), payroll taxes, gift taxes, estate taxes and statutory excise taxes. The Internal Revenue Code is published as title 26 of the United States Code (USC), and is also known as the internal revenue title.