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LSDefine

Simple English definitions for legal terms

federal tax law

Read a random definition: Judicial Committee of the Privy Council

A quick definition of federal tax law:

Definition: Federal tax law is a set of rules made by the government of the United States that tells people and businesses how much money they have to pay in taxes. These rules come from different places like courts, government agencies, and the Internal Revenue Service (IRS). The IRS also gives advice on taxes in different forms like letters and memos.

A more thorough explanation:

Definition: Federal tax law refers to all the rules and regulations that govern the collection of taxes by the federal government of the United States. This includes laws passed by Congress, court decisions, and guidance issued by the Internal Revenue Service (IRS).

Examples of guidance issued by the IRS include:

  • Revenue Ruling: A public statement by the IRS that interprets and applies tax laws to specific situations.
  • Revenue Procedure: A statement that provides guidance on how to comply with tax laws and regulations.
  • Private Letter Ruling: A written statement issued to a taxpayer in response to a specific request for guidance on a tax issue.
  • Technical Advice Memorandum: A written statement issued by the IRS to its employees that provides guidance on how to apply tax laws to specific situations.
  • Field Service Advice Memorandum: A written statement issued by the IRS to its employees that provides guidance on how to apply tax laws to specific situations.
  • General Counsel Memorandum: A written statement issued by the IRS's Office of Chief Counsel that provides guidance on how to apply tax laws to specific situations.
  • Chief Counsel Advice: A written statement issued by the IRS's Office of Chief Counsel that provides guidance on how to apply tax laws to specific situations.

For example, if a taxpayer wants to know how to report income from a rental property on their tax return, they can look to IRS guidance such as a revenue ruling or revenue procedure for instructions on how to do so.

federal tax deposits (FTD) | Federal Tort Claims Act

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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