BNET Business Dictionary

Business Definition for: Internal Revenue Code

  • the complex series of federal tax laws

Additional Resources

Comments on proposed regulations under section 1031 of the Internal Revenue Code
Comments on Proposed Regulations under Section 1031 of the Internal Revenue Code On April 25, 1990, the Internal Revenue Service issued proposed regulations under section 1031 of the Internal Revenue Code, concerning additional rules for exchanges of personalty and multiple properties. The proposed regulations were published in the Federal...
Tags: FINANCE, goodwill, Government, Internal Revenue Service, regulation, Regulations, Taxes
Research articles 1990-09-01
Proposed regulations concerning the economic performance requirement under Section 461 of the Internal Revenue Code
Proposed Regulations Concerning the Economic Performance Requirement under Section 461h of the Internal Revenue Code On June 6, 1990, the Internal Revenue Service issued proposed regulations under section 461h of the Internal Revenue Code, relating to the requirement that "economic performance" occur in order for an amount to be...
Tags: accrual, Cir, Commissioner, deduction, FINANCE, Government, income, Institute, Internal Revenue Service, payment, Regulations, Taxes
Research articles 1990-11-01
Employers given time to implement Section 89. (Internal Revenue Code)
Employers Given Time To Implement Section 89 WASHINGTON--The Internal Revenue Service has given employers a few months of breathing space before they must begin applying a complex set of new regulations to Section 89 of the Internal Revenue Code. Employers Given Time...
Tags: Internal Revenue Code, Internal Revenue Service, regulation
Research articles 1989-03-13
Business split. (Tax Executives Institute opposes bills that would abolish the Internal Revenue Code since no alternative is suggested)(Brief Article)
00-00-0000 Legislation moving through Congress to abolish the Internal Revenue Code is dividing the business community. The Tax Executives Institute, a trade association of large-corporation tax executives, has sent a letter to House Ways & 00-00-0000 Legislation moving through Congress to abolish...
Tags: Internal Revenue Code, tax, Tax Executives Institute
Research articles 1998-05-04
Notice 96-10: draft revenue procedure on the use of imaging systems to satisfy the requirements of section 6001 of the Internal Revenue Code
On April 11, 1996, Tax Executives Institute submitted the following comments to the Internal Revenue Service concerning Notice 96-10, which requested comments on a proposed revenue procedure relating to the use of digital imaging to satisfy the recordkeeping requirements of the Internal Revenue Code. The Institute's comments were prepared under...
Tags: FINANCE, imaging, Institute, Internal Revenue Service, revenue, SOFTWARE
Research articles 1996-05-01
Section 1059A regulations relating to the basis of property imported into the United States - comments submitted on Oct 23, 1997 by Tax Executives Institute to the IRS regarding Internal Revenue Code section 1059A regulations
On October 23, 1997, Tax Executives Institute submitted the following comments to the Internal Revenue Service concerning regulations under section 1059A of the Internal Revenue Code on the interaction of the tax statute with the Customs Service regulations for determining the customs value of imported property. The comments, which took...
Tags: Internal Revenue Code, Internal Revenue Service, regulation, Tax Executives Institute
Research articles 1997-11-01
Amortization of intangibles under sections 167 and 197 - comments submitted Sept 29, 1997 by Tax Executives Institute to the IRS regarding Internal Revenue Code sections 167 and 197
On September 29, 1997, Tax Executives Institute submitted the following comments to the Internal Revenue Service on proposed regulations under sections 167 and 197 of the Internal Revenue Code, relating to the amortization of certain intangible property. The Institute's comments were developed under the joint aegis of its Federal and...
Tags: amortization, Institute, Internal Revenue Code, Internal Revenue Service, Tax Executives Institute
Research articles 1997-11-01
Jackson Hewitt Tax Service Inc. Issues Statement Regarding Internal Revenue Code 7216
To: BUSINESS EDITORS Contact: Sheila Cort, Vice President, Corporate Communications of Jackson Hewitt Tax Service Inc., +1-973-630-0680 PARSIPPANY, N.J., Jan. 3 /PRNewswire-FirstCall/ -- The Internal Revenue Service issued regulations on January 3, 2008, that update the rules regarding the disclosure and use of tax return information by tax return...
Tags: FINANCE, Government, Internal Revenue Service, regulation, Regulations, Taxes
Research articles 2008-01-03
Proposed regulations under Section 404A of the Internal Revenue Code
On January 6, 1994, Tax Executives Institute filed the following comments with the Internal Revenue Service on proposed regulations under section 404A of the Internal Revenue Code, relating to limitations on deductions and adjustments to earnings and profits with respect to certain foreign deferred compensation plans. The comments were...
Tags: adjustment, Commissioner, deduction, Government, Internal Revenue Service, regulation, Regulations, tax, U.S.
Research articles 1994-01-01
Notice 98-11, relating to the treatment of hybrid arrangements under Subpart F - IRS Notice 98-11, Internal Revenue Code Subpart F
On March 12, 1998, Tax Executives Institute submitted the following comments to the Internal Revenue Service on Notice 98-11, relating to the treatment of certain hybrid arrangements under subpart F of the Internal Revenue Code. The comments, which were submitted to Michael Danilack, Associate Chief Counsel International, were prepared under...
Tags: FINANCE, income, Institute, Internal Revenue Service, regulation, Taxes, U.S.
Research articles 1998-03-01
Conduit rules under section 7701 of the Internal Revenue Code - l - Tax Executives Institute International Tax Committee
On June 17, 1994, Tax Executives Institute submitted the following comments to the Internal Revenu regulations under section 7701l of the Internal Revenue Code. The Institute's comments on the so-c was prepared under the aegis of TEI's International Tax Committee, whose chair is Lisa Norton of Ing The following members...
Tags: Institute, Internal Revenue Code, Tax Executives Institute
Research articles 1994-07-01
Alternative Means To Satisfy The Non-discrimination Requirement Imposed by the Internal Revenue Code On 401(k) Plans
Any employer who maintains a qualified 401k plan knows that the plan is an important tool for retaining employees and provides extraordinary tax benefits to the employer and the employee. The employer receives a current deduction for amounts it contributes to the plan and the employee can elect to defer...
Tags: 401(k) Plan, Reed Elsevier Inc., Internal Revenue Code, Taxes, 401(k), Retirement Plans, Free Trade, Regulations, Investment, Financial Planning, Finance, Human Resources, Benefits, Government
White papers 2003-09-24
Revocation of Election Under Internal Revenue Code
Revocation is the act of recalling or annulling, the reversal of an act, the recalling of a grant, or the making void of some deed previously existing. It exists in both common law and civil law. This is a template which can be used for revocation of election under Internal...
Tags: Internal Revenue Code, Revocation, Home Business Online, Taxes, Regulations, Financial Planning, Finance, Government
Tools & templates 2007-12-01
TEI recommendations on simplifying the Internal Revenue Code - Tax Executives Institute
TEI Recommendations on Simplifying the Internal Revenue Code
Tags: Internal Revenue Code, Tax Executives Institute
Research articles 1990-05-01
INTERNAL REVENUE CODE SECTION 6166: COMMENTS TO TAX COUNSEL FOR THE SENATE FINANCE COMMITTEE
Editors' Synopsis: This Article contains the written comments made to the Tax Counsel for the United States Senate Finance Committee by a Task Force composed of members of the Business Planning Group of the American Bar Association's Real Property, Probate and Trust Section suggesting how section 6166 of the Internal...
Tags: asset, estate, FINANCE, Internal Revenue Service, partnership, payment, regulation, statute, stock, Taxes, Treasury, U.S. Congress, U.S. Senate
Research articles 2006-04-01
Section 89 enforcement stalled. (Internal Revenue Code prohibiting discrimination in employee benefits)
Section 89 Enforcement Stalled WASHINGTON--A strong push by a business coalition to repeal Section 89 of the Internal Revenue Code prohibiting discrimination in employee benefits has succeeded in delaying the rule's implementation for one year, for the time being. Amendments to...
Tags: FINANCE, Government, Internal Revenue Service, MARKETING, Regulations, survey, Taxes, U.S. Senate
Research articles 1989-08-21
Are exotic options an answer to Sect. 457?(Internal Revenue Code Section 457 on non-discrimination by nonqualified deferred compensation plans)
Internal Revenue Code Section 457 on non-discrimination by nonqualified deferred compensation plans had the effect on eliminating the use of nonqualified deferred compensation from executives' remuneration packages by tax-exempt employers. Four alternatives that allow tax-exempt employers to get around Section 457 prohibitions are presented. In a recent newsletter,...
Tags: Benefits, compensation, FINANCE, income, Internal Revenue Service, sanction, Taxes
Research articles 1998-03-02
Sect. 89 implementation delayed a year - for now. (Internal Revenue Code prohibiting discrimination in employee benefits)
Sect. 89 Implementation Delayed A Year - For Now Washington - A strong push by a business coalition to repeal Section 89 of the Internal Revenue Code prohibiting discrimination in employee benefits has succeeded in delaying the rule's implementation for one year, for the...
Tags: Benefits, FINANCE, Government, HEALTHCARE, Insurance, Internal Revenue Service, Regulations, Strategy, survey, Taxes, U.S. Senate
Research articles 1989-08-21
Controversy aside, 419A market soars. (Internal Revenue Code)
Controversy Aside, 419A Market Soars Many employers who have maximized their qualified plans or have had to cut back on qualified plan contributions are looking for alternatives. One rather controversial one is the severance benefit plan which takes advantage of Internal Revenue Code Section...
Tags: Benefits, FINANCE, Holland, Insurance, Internal Revenue Service, Taxes
Research articles 1990-03-05
Section 527: A victory for associations. (Headlines).(Internal Revenue Code regarding reporting of information on state and local political activity by trade associations)
In one of its final actions before the 2002 elections, the 107th Congress passed legislation "to amend Section 527 of the Internal Revenue Code of 1986 to eliminate notification and return requirements for state and local party committees and candidate committees and avoid duplicate 4 reporting...
Tags: FINANCE, Government, Regulations, Taxes, U.S. Congress
Research articles 2003-02-01