Internal Revenue Code

The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC). It is organized topically, into subtitles and sections, covering income tax (see Income tax in the United States), payroll taxes, estate taxes, gift taxes and excise taxes; as well as procedure and administration. Its implementing agency is the Internal Revenue Service.

Read more about Internal Revenue Code:  Origins of Tax Codes in The United States, Internal Revenue Code of 1939, Internal Revenue Code of 1954, Internal Revenue Code of 1986, Tax Statutes Not Contained in The Code, Individual and Corporate Income Tax, Organization, Subtitles, List of Commonly-referenced Sections

Famous quotes containing the words internal, revenue and/or code:

    I have been amazed by the Anglo-Saxon’s lack of curiosity about the internal lives and emotions of the Negroes, and for that matter, any non-Anglo-Saxon peoples within our borders, above the class of unskilled labor.
    Zora Neale Hurston (1891–1960)

    If you tax too high, the revenue will yield nothing.
    Ralph Waldo Emerson (1803–1882)

    Hollywood keeps before its child audiences a string of glorified young heroes, everyone of whom is an unhesitating and violent Anarchist. His one answer to everything that annoys him or disparages his country or his parents or his young lady or his personal code of manly conduct is to give the offender a “sock” in the jaw.... My observation leads me to believe that it is not the virtuous people who are good at socking jaws.
    George Bernard Shaw (1856–1950)