answersLogoWhite

0

What is a tax code?

Updated: 9/14/2023
User Avatar

Wiki User

11y ago

Best Answer

In macro terms, the "tax code" is the entire body of laws and regulations covering who pays how much tax on what. In the United States, the tax code is a complex piece of legislation covering multiple volumes of law tomes; lawyers who choose to practice in the area of the tax code tend to subspecialize in areas like individuals being prosecuted for backtaxes or filing for corporations.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a tax code?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you apply tax code from UK?

how to apply tax code in UK


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 is fund transfer TAX code of Britain?

Fund transfer to rbi what is tax code


How do a UK citizen get a tax code to get my inheritance from an uncle in US?

You don't need a UK tax code to receive overseas inheritance. The only time you need a UK tax code - is if you're liable to pay tax.


What tax code is 241l in retirement?

I am retired but still working my tax code at work is 241l is this correct


Java code for tax deduction in database connection?

Java code for tax deduction in database connection?


Service Tax accounting code Grand Theft Auto?

new code number service tax gta


What impact does the tax code have on the budget making process?

Changes in the tax code can change the amount of revenue the government takes in.


What does IRS tax code 826 mean?

IRS tax code 826 means that IRS tax refund will be offset to another year. This happens when there are back taxes owed.


How long after tax code 1301 did you receive your refund?

I received my tax refund two weeks later after getting code 1301


What was the main intent of the tax reform act of 1986?

simplify the tax code by reducing the number of tax brackets


Are the terms taxation law and tax law used interchangeably?

Yes. There are many. The Tax Code, and IRC (for internal revenue code) are others.