The Internal Revenue Code of 1986 (IRC), is the domestic portion of federal statutory tax law in the United States. It is codified in statute as Title...
28 KB (2,310 words) - 01:27, 6 July 2024
responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency...
75 KB (7,966 words) - 10:50, 8 September 2024
Section 409A of the United States Internal Revenue Code regulates nonqualified deferred compensation paid by a "service recipient" to a "service provider"...
14 KB (1,777 words) - 20:11, 6 July 2024
part of the Revenue Act of 1862. Section 7803 of the Internal Revenue Code provides for the appointment of a Commissioner of Internal Revenue to administer...
13 KB (612 words) - 15:48, 22 June 2024
Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), a taxpayer may defer recognition of capital gains and related federal...
29 KB (4,548 words) - 15:32, 16 March 2024
The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas Internas, or BIR) is a revenue service for the Philippine government, which is responsible...
33 KB (4,191 words) - 17:52, 19 August 2024
Internal Revenue Code § 212 (26 U.S.C. § 212) provides a deduction, for U.S. federal income tax purposes, for expenses incurred in investment activities...
2 KB (317 words) - 10:23, 9 June 2023
Taxable income (redirect from Internal Revenue Code section 63)
Taxable income refers to the base upon which an income tax system imposes tax. In other words, the income over which the government imposed tax. Generally...
4 KB (467 words) - 12:38, 4 May 2024
Section 179 of the United States Internal Revenue Code (26 U.S.C. § 179), allows a taxpayer to elect to deduct the cost of certain types of property on...
3 KB (485 words) - 23:57, 8 August 2023
Section 61 of the Internal Revenue Code (IRC 61, 26 U.S.C. § 61) defines "gross income," the starting point for determining which items of income are...
8 KB (1,068 words) - 22:59, 28 July 2024
text related to this article: Internal Revenue Code 3401 Section 3401 (26 U.S.C. § 3401) of the Internal Revenue Code of the United States of America...
763 bytes (82 words) - 21:04, 14 November 2017
Section 162(a) of the Internal Revenue Code (26 U.S.C. § 162(a)), is part of United States taxation law. It concerns deductions for business expenses...
8 KB (1,073 words) - 18:56, 3 June 2021
Johnson Amendment (redirect from Johnson Amendment to Section 501(c)(3) of the Internal Revenue Code)
(3) of subsection (c) within section 501 of Title 26 (Internal Revenue Code) of the U.S. Code (U.S.C.) describes organizations which may be exempt from...
22 KB (2,347 words) - 18:39, 29 May 2024
Internal Revenue Code 861, 26 U.S.C. § 861, titled "Income from sources within the United States" is a provision of the Internal Revenue Code which lists...
2 KB (260 words) - 15:56, 3 June 2017
Section 1041 of the Internal Revenue Code (26 U.S.C. § 1041) addresses transfers of property between spouses or incident to divorce. The general rule...
2 KB (267 words) - 17:24, 26 June 2023
Section 1 of the Internal Revenue Code (26 U.S.C. § 1 or simply IRC §1), titled "Tax Imposed" is the law that imposes a federal income tax on taxable...
6 KB (723 words) - 22:25, 19 May 2021
such individual for purposes of this title [the Internal Revenue Code, title 26 of the United States Code]." Taxation in the United States Personal identification...
5 KB (492 words) - 08:44, 10 February 2024
Loan-out corporation (section Section 269A of the Internal Revenue Code: Personal service corporations formed or availed of to avoid or evade income tax)
experiencing increasing revenues will benefit from the use of fiscal year tax deferral. Section 269A of the Internal Revenue Code defines the conditions...
15 KB (2,196 words) - 04:39, 9 September 2024
Internal Revenue Code Section 132(a) provides eight types of fringe benefits that are excluded from gross income. These include fringe benefits which...
16 KB (1,819 words) - 04:35, 9 September 2024
officially changed the name of the Internal Revenue Code from the Internal Revenue Code of 1954 to the Internal Revenue Code of 1986. Although the Act made...
21 KB (2,366 words) - 22:02, 4 July 2024
Section 79 of the U.S. Internal Revenue Code sets out the U.S. Federal income tax law concerning term life insurance plans provided by employers. Tax...
8 KB (1,092 words) - 16:04, 24 September 2022
amendments to the Internal Revenue Code of 1986. The bill was passed in the Senate unanimously, and was seen as a major reform of the Internal Revenue Service....
11 KB (1,128 words) - 23:47, 2 July 2023
Section 355 of the Internal Revenue Code (IRC § 355) allows a corporation to make a tax-free distribution to its shareholders of stock and securities...
5 KB (756 words) - 03:02, 7 March 2024
501(c)(3) organization (category Internal Revenue Code)
few individuals or families. Public charities are defined in the Internal Revenue Code under sections 509(a)(0) through 509(a)(4). A private foundation...
38 KB (4,008 words) - 18:14, 31 July 2024
illegal income in the United States arises from the provisions of the Internal Revenue Code, enacted by the U.S. Congress in part for the purpose of taxing...
11 KB (1,475 words) - 07:35, 9 March 2024
Income Communities (LICs). These specific terms are defined in the Internal Revenue Code and other federal guidance. As of 2010[update], there had been eight...
10 KB (1,039 words) - 07:31, 9 July 2024
governed by Chapter 12, Subtitle B of the Internal Revenue Code. The tax is imposed by section 2501 of the Code. For taxable income, courts have defined...
14 KB (1,794 words) - 22:06, 31 January 2024
401(k) (category Internal Revenue Code)
(savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodic employee contributions come directly out of their paychecks...
50 KB (6,323 words) - 10:58, 7 August 2024
March 2012. Internal Revenue Code Sect. 856(a) Internal Revenue Code Sect. 856(a)(1) Internal Revenue Code Sect. 856(a)(2) Internal Revenue Code Sect. 856(a)(3)...
59 KB (6,827 words) - 18:31, 31 August 2024
Employee Retirement Income Security Act of 1974 (section Title II: Amendments to the Internal Revenue Code Relating to Retirement Plans)
laws that regulate employee benefit plans, which are mainly in the Internal Revenue Code and ERISA itself. Responsibility for interpretation and enforcement...
38 KB (4,301 words) - 04:42, 28 July 2024