(of internal revenue service)

  • 21Internal Revenue Service — IRS In the USA, the branch of federal government responsible for collecting most types of taxes. The IRS administers the Internal Revenue Code, investigates tax abuses, and makes criminal prosecution for tax fraud through the US tax court …

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  • 22Internal Revenue Service, the — In,ternal Revenue ,Service, the the IRS …

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  • 23Internal Revenue Service - IRS — A United States government agency that is responsible for the collection and enforcement of taxes. The IRS was established in 1862 by President Lincoln and operates under the authority of the United States Department of the Treasury. It is… …

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  • 24Internal 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… …

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  • 25Internal 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… …

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  • 26Internal 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… …

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  • 27Internal Revenue Code section 409A — Section 409A of the United States Internal Revenue Code regulates the tax treatment of the “nonqualified deferred compensation,” whether paid to executives or any other employees. History Section 409A was added to the Internal Revenue Code,… …

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  • 28Internal Revenue Code section 61 — Section 61 of the Internal Revenue Code (IRC 61, usc|26|61) defines gross income, the starting point for determining which items of income are taxable for federal income tax purposes in the United States. Section 61 states that except as… …

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  • 29Internal Revenue Code section 1 — Section 1 of the Internal Revenue Code (usc|26|1 or simply IRC §1), titled Tax Imposed is the law that imposes a federal income tax on taxable income, and sets forth the amount of the tax to be paid. A similar tax on corporations is set forth in… …

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  • 30internal revenue — noun government revenue from domestic sources (excluding customs) (Freq. 2) • Hypernyms: ↑tax income, ↑taxation, ↑tax revenue, ↑revenue * * * the revenue of a government from any domestic source, usually considered to be any source other than… …

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