Code of Federal Regulations, Title 25 Indians 1-299, Revised as of April 1, 2022

Title 26 of the Internal Revenue Service governs income tax, estate and gift taxes, employment taxes, and miscellaneous excise taxes.

Format: Paperback / softback
Length: 1020 pages
Publication date: 31 January 2023
Publisher: Rowman & Littlefield

Title 26 of the Internal Revenue Code (IRC) is a comprehensive set of regulations, procedures, and practices that govern various aspects of income tax, estate and gift taxes, employment taxes, and miscellaneous excise taxes as established by the Internal Revenue Service (IRS). This section of the code undergoes regular additions and revisions, with updates being published annually by April. The revised provisions are then made effective within six months of their publication.

The IRC encompasses a wide range of tax-related matters, including the calculation and payment of taxes, filing requirements, tax credits and deductions, tax compliance, and tax enforcement. It provides detailed guidance for individuals, businesses, and tax professionals on how to comply with tax laws and regulations effectively.

One of the key features of Title 26 is its complexity, as it covers a vast array of tax topics and includes numerous provisions and exceptions. This complexity can make it challenging for taxpayers to navigate and understand their tax obligations. However, the IRC is intended to provide a fair and equitable tax system for all taxpayers and to ensure that tax revenue is collected and distributed appropriately.

To assist taxpayers in understanding and complying to Title 26, the IRS provides a variety of resources and publications, including tax forms, instructions, and guidance. Additionally, the IRS offers taxpayer assistance programs and services to help individuals and businesses navigate the tax filing process and resolve tax disputes.

In conclusion, Title 26 of the Internal Revenue Code is a critical component of the U.S. tax system, providing a framework for the calculation and payment of income tax, estate and gift taxes, employment taxes, and miscellaneous excise taxes. While the IRC can be complex, it is intended to ensure that tax revenue is collected and distributed appropriately and to provide a fair and equitable tax system for all taxpayers. By understanding and complying with the provisions of Title 26, individuals and businesses can ensure that they are fulfilling their tax obligations and contributing to the overall well-being of the U.S. economy.

Weight: 1472g
Dimension: 157 x 230 x 56 (mm)
ISBN-13: 9781636712048