The Code of Federal Regulations (CFR), Title 26, Internal Revenue, covers regulations related to taxation in the United States. This title encompasses a wide range of rules and guidelines issued by the Internal Revenue Service (IRS), which is the federal agency responsible for administering and enforcing federal tax laws.
Title 26 of the CFR is divided into several parts, with Part 300-499 focusing on specific areas within the realm of taxation. These include rules related to income taxes, estate and gift taxes, excise taxes, employment taxes, and various other tax-related matters. The regulations in this title provide detailed instructions and guidelines on how taxpayers, businesses, and other entities should comply with federal tax laws.
Tax professionals, accountants, attorneys, and individuals involved in tax preparation and planning often refer to Title 26 of the CFR to understand the legal requirements and implications of federal tax regulations. It serves as a comprehensive resource for interpreting and applying the complex provisions of the Internal Revenue Code (IRC), ensuring compliance with federal tax laws across different sectors of the economy.
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