Internal Revenue Code
/ˌɪntərnəl ˈrɛvəˌnu koʊd/
Definitions
- (n.) The comprehensive statutory framework enacted by the U.S. Congress governing federal tax laws, including income tax, estate tax, gift tax, and employment tax regulations.
The taxpayer referred to the Internal Revenue Code to determine her filing obligations.
Forms
- internal revenue code
- internal revenue codes
Related terms
See also
Commentary
The Internal Revenue Code (IRC) is often cited by section numbers (e.g., IRC § 501) and serves as the primary source for federal tax rules; precision in citation is critical in legal drafting and interpretation.
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.