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Deductions & credits
Congress writes the tax laws (IRC's - Internal Revenue Code). The treasury regulations (26 C.F.R.)--commonly referred to as Federal tax regulations-- pick up where the Internal Revenue Code (IRC) leaves off by providing the official interpretation of the IRC by the U.S. Department of the Treasury. The IRS provides publications and tax forms that comply with both the IRC's and CFR's for taxpayers to more easily understand the complex tax laws.
The IRS enforces the compliance with those laws.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/privacy-disclosure/tax-code-regulations-and-official-guidance">https://www.irs.g...>
The IRS enforces the compliance with those laws.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/privacy-disclosure/tax-code-regulations-and-official-guidance">https://www.irs.g...>
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 3, 2019
11:45 AM