The Code of Federal Regulations (CFR), Title 26, Internal Revenue, is a compilation of regulations issued by the Internal Revenue Service (IRS) under the authority of the United States Department of the Treasury. This title contains the detailed rules and guidelines that govern federal taxation in the United States.
Title 26 of the CFR is organized into several parts, covering various aspects of tax law and administration. Key areas addressed include income taxes for individuals, corporations, partnerships, and trusts; estate and gift taxes; excise taxes on specific goods and activities; employment taxes such as Social Security and Medicare contributions; and procedures for tax enforcement and collection.
Each part of Title 26 provides comprehensive information on specific tax topics, including definitions, reporting requirements, deductions, credits, exemptions, penalties, and judicial proceedings related to tax matters. These regulations are essential for taxpayers, tax professionals, attorneys, accountants, and government officials involved in tax administration, compliance, and enforcement.
Overall, Title 26 of the CFR serves as a crucial resource for interpreting and applying the provisions of the Internal Revenue Code (IRC), ensuring consistency and clarity in the application of federal tax laws across different sectors of the economy and among various types of taxpayers.
Be the first to review “Code of Federal Regulations, Title 26 Internal Revenue 1.851-1.907, 2023”