Internal Revenue Code

Internal Revenue Code
Title 26 of the United States Code, inclusive of sections on income taxes, estate taxes, gift taxes, excises on alcohol and tobacco, and various other excises, together with provisions on the administration of such tax laws and the procedure to be followed.

Ballentine's law dictionary. . 1998.

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  • Internal Revenue Code — n. A federal statute in Title 26 of the U.S. Code setting forth laws on federal taxes, including income tax, estate tax, gift tax, excise tax, etc. abbrv. IRC The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… …   Law dictionary

  • Internal Revenue Code — The Internal Revenue Code (or IRC; more formally, the Internal Revenue Code of 1986, as amended) is the main body of domestic statutory tax law of the United States organized topically, including laws covering the income tax (see Income tax in… …   Wikipedia

  • Internal Revenue Code — The various statutes and regulations making up federal tax law. Bloomberg Financial Dictionary * * * Internal Revenue Code Internal Revenue Code ➔ code * * * Internal Revenue Code UK US noun [S] (ABBREVIATION IRC) ► TAX in the US, the laws… …   Financial and business terms

  • Internal Revenue Code (I.R.C.) — That body of law which codifies all federal tax laws including income, estate, gift, excise, etc. taxes. Such laws comprise Title 26 of the U.S. Code, and are implemented by the Internal Revenue Service and through it by Treasury Regulations;… …   Black's law dictionary

  • Internal Revenue Code (I.R.C.) — That body of law which codifies all federal tax laws including income, estate, gift, excise, etc. taxes. Such laws comprise Title 26 of the U.S. Code, and are implemented by the Internal Revenue Service and through it by Treasury Regulations;… …   Black's law dictionary

  • Internal Revenue Code — Der Internal Revenue Code (IRC) ist der Hauptbestandteil des Bundessteuergesetzes der USA. Er ist nach Themen aufgebaut und umfasst die Einkommensteuer, Lohnsteuer, Schenkungsteuer, Immobiliensteuer und gesetzliche Verbrauchsteuern. Der Internal… …   Deutsch Wikipedia

  • Internal Revenue Code section 212 — Internal Revenue Code § 212 provides a deduction, for U.S. federal income tax purposes, for expenses incurred in investment activities. Taxpayers are allowed to deduct “all in the ordinary and necessary expenses paid or incurred during the… …   Wikipedia

  • Internal Revenue Code Section 132(a) — provides eight types of fringe benefits that are excluded from gross income. These include fringe benefits which qualify as a (1) no additional cost service, (2) qualified employee discount, (3) working condition fringe, (4) de minimis fringe,… …   Wikipedia

  • Internal Revenue Code section 861 — Internal Revenue Code 861, usc|26|861, titled Income from sources within the United States is a provision of the Internal Revenue Code which lists The following items of gross income shall be treated as income from sources within the United… …   Wikipedia

  • Internal Revenue Code of 1986 — The Tax Reform Act of 1986 redesignated the Internal Revenue Code of 1954 as the Internal Revenue Code of 1986 and made numerous other amendments. The 86 Act, however, did not change the overall structure of the Code. See Internal Revenue Code.… …   Wikipedia

  • Internal Revenue Code section 1031 — Under Section 1031 of the Internal Revenue Code (usc|26|1031), the exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due.ummaryTo qualify… …   Wikipedia

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