Code of Federal Regulations, Title 26 Internal Revenue 1.641-1.850, 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: 1 pages
Publication date: 11 July 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
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 with the IRC, the IRS provides various resources and publications, including tax forms, instructions, and guidance documents. Taxpayers can also seek professional advice from tax accountants, tax attorneys, or other tax professionals to help them navigate the complex tax code and minimize their tax liability.

In conclusion, Title 26 of the Internal Revenue Code is a critical component of the U.S. tax system, and it plays a vital role in ensuring that taxpayers comply with their tax obligations. While the IRC can be complex, it is intended to provide a fair and equitable tax system for all taxpayers and to ensure that tax revenue is collected and distributed appropriately. By understanding and complying with the IRC, taxpayers can minimize their tax liability and contribute to the overall well-being of the U.S. economy.

Weight: 1297g
Dimension: 231 x 154 x 52 (mm)
ISBN-13: 9781636712154