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There is the Internal Revenue and the Internal Revenue Service. What is the difference?
The Internal Revenue is a government agency that is subject to Title 26 United States Code. The Internal revenue Service is a private debt collection agency subject to Title 15 of the United States Code and is a private collection agency contracted by the Internal Revenue.
Who writes the tax code?
Congress write the tax code. Officially called the Internal Revenue Code. Whereas, the Internal Revenue Service implements the tax code and how it applies.
What determines the amount of tax that a citizen pays to the US treasury?
The Internal Revenue Code, Title 26 of the United States Code, as enacted by Congress and enforced by the Internal Revenue Service.
Which of the following provisions of the Internal Revenue Code can be used to reduce the amount of the income tax expense arising from capital investment projects?
Depreciation deduction submitted by Gigi Calix
What is a good source of information on internal revenue code?
While one could visit their local library to learn all there is to know about internal revenue code, the internet is a much more convenient source of information. One powerhouse site on the internet, becoming more and more reliable each day, is Wikipedia. It is here that one could be reliably informed on internal revenue code.
Where in the internal revenue code does it say a person is required to file a tax return?
26USC6012
What is the purpose of the IRS?
The IRS is in charge of collecting Taxes and interpreting the Internal Revenue Code
Why is it called a 401k?
The title "401(k)" references a section of the Internal Revenue Code.
Where does the statutory definition of life insurance appear?
Section 7702 of the Internal Revenue Code
What does the 401 stand for in 401k?
It doesn't mean anything. It is the label of the section in the Internal Revenue Code.
What difference is it to IRS if you are in a community property state?
The statutes of the Internal Revenue Code and the Treasury Regulations promulgated thereunder and the common law and rules made in their regard can and do specify and define where the laws of a community property State apply to its effect.
What IRS Code defines Married in Married filing joint?
It has always been a State function to define marriage. The Internal Revenue Code is, therefore, silent on the issue. However, the Defense of Marriage Act of 1996 (PL 104-199) established the meaning of marriage, for Federal purposes, as only a legal union between one man and one woman as husband and wife. Therefore, any Internal Revenue Code references to marriage now fall under this definition, and it trumps any State changes.
