Internal Revenue Code

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Internal Revenue Code

The various statutes and regulations making up federal tax law.

Internal Revenue Code

The unified law of taxation in the United States. It outlines how individuals and corporations are taxed as well as which deductions and credits are allowed, and how they are to be applied. The Code also covers estate taxes, gift taxes, and payroll taxes. The current version of the Internal Revenue Code was introduced in 1986, though it has been amended since. Critics of the code contend that it is needlessly complicated.

Internal Revenue Code

The tax law of the United States.
References in periodicals archive ?
2433, entitled "Determination of Rate of Interest" and referred to the Senate Banking Committee, would effectively amend Section 6621 of the Internal Revenue Code of 1986.
Section 41 of the Internal Revenue Code of 1986 allows a credit for certain qualified research expenditures.
954: To amend the Internal Revenue Code of 1986 to exempt from the individual mandate certain individuals who had coverage under a terminated qualified health plan funded through the Consumer Operated and Oriented Plan (CO-OP) program
The number of shares Lehman can purchase is limited so as to prevent an "ownership change" under Section 382 of the Internal Revenue Code of 1986.
Rangel, Charles [NY-15] "Draft Reinstatement bill" To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed services or in civilian service in furtherance of the national defense and homeland security, to authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, to amend the Internal Revenue Code of 1986 to make permanent the favorable treatment afforded combat pay under the earned income tax credit, and for other purposes.
West's Internal Revenue code of 1986 and treasury regulations; annotated and selected, 2007 ed.
Summary: Amends the Internal Revenue Code of 1986 to improve patient access to health care services and provide improved medical care by reducing the burden the liability system places on the health care delivery system.
Study of the Overall State of the Federal Tax System and Recommendations for Simplification, Pursuant to Section 8022(3)(B) of the Internal Revenue Code of 1986, Staff of the Joint Committee on Taxation, LCS-3-01, April 26, 2001, v.
shall be recognized notwithstanding any provision of the Internal Revenue Code of 1986.
The remaining volumes contain the Internal Revenue Code of 1986, the history of the tax law and Treasury regulations arranged by code section.
Section 953(d) of the Internal Revenue code of 1986, made it clear that certain foreign insurance corporations could elect to be taxed as domestic corporations with the following consequences:
During this suspension period, the Fund will pay out, on an annual basis, any dividends or distributions required by the Internal Revenue Code of 1986, as amended.

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