Income Tax Law
/ˈɪnkʌm tæks lɔː/
Definitions
- (n.) The body of statutes, regulations, and case law governing the imposition, collection, and enforcement of taxes on individual or corporate income.
The income tax law requires taxpayers to report all sources of income for accurate tax assessment.
- (n.) A specialized area of tax law focusing on rules and principles related to the taxation of earnings.
She is an expert in income tax law and advises clients on compliance and planning.
Forms
- income tax law
Related terms
See also
Commentary
Income tax law often varies by jurisdiction and involves complex statutory interpretation and administrative rules. Drafting should be precise about the scope of income and applicable deductions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.