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Tax Code

Definition

Tax law is an area of legal study dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation.

What is a 'Tax Code'

A tax code is a federal government document, numbering tens of thousands of pages that details the rules individuals and businesses must follow, in remitting a percentage of their incomes to the federal government. The tax code is used as a source by tax lawyers whom bear the responsibility of interpreting it for the public.

Explaining 'Tax Code'

A number of secondary sources, such as the numbered Internal Revenue Service publications, Treasury regulations, revenue rulings, and mass-market income-tax books, attempt to put the tax code into plain language for taxpayers. Taxpayers can often correctly comply with tax rules by following the guidelines laid out in these secondary publications, but for more complex situations, it may be necessary to consult the tax code directly, to decipher the tax laws.


Further Reading


Debt and the marginal tax rate
www.sciencedirect.com [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

Regulating executive pay: Using the tax code to influence chief executive officer compensationRegulating executive pay: Using the tax code to influence chief executive officer compensation
www.journals.uchicago.edu [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

WACC and a generalized tax codeWACC and a generalized tax code
www.tandfonline.com [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

On the optimal progressivity of the income tax codeOn the optimal progressivity of the income tax code
www.sciencedirect.com [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

Financing entrepreneurship through the tax code: Angel investor tax creditsFinancing entrepreneurship through the tax code: Angel investor tax credits
www.nber.org [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

Contra coercion: Russian tax reform, exogenous shocks, and negotiated institutional changeContra coercion: Russian tax reform, exogenous shocks, and negotiated institutional change
www.jstor.org [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

A tax motivation for smoothing dividendsA tax motivation for smoothing dividends
www.sciencedirect.com [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

How to Live with a Tax Code with Which You Disagree: Doctrine, Optimal Tax, Common Sense, and the Debt-Equity DistributionHow to Live with a Tax Code with Which You Disagree: Doctrine, Optimal Tax, Common Sense, and the Debt-Equity Distribution
heinonline.org [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …

Corporate tax and capital structure: some evidence and implicationsCorporate tax and capital structure: some evidence and implications
www.tandfonline.com [PDF]
… income for up to 15 years into the future (changed from five years by the Economic Recovery Act … For more details on the federal tax code, see Courdes and Sheffrin (1983) Altshuler and Auerbach (1990), Shevlin … JR Gvuhanl JJound of Financial Economics 41 (1996) 41-73 45 …



Q&A About Tax Code


What are some examples of secondary sources that provide information on how to correctly comply with taxes?

Examples include numbered Internal Revenue Service publications, Treasury regulations, revenue rulings, and mass-market income-tax books.

How many pages does the tax code consist of?

The tax code consists of tens of thousands of pages.

Where can you find information about how to correctly comply with tax rules?

You can find information about how to correctly comply with taxes in secondary sources such as numbered Internal Revenue Service publications, Treasury regulations, revenue rulings, and mass-market income-tax books.

What is a tax code?

A tax code is a federal government document, numbering tens of thousands of pages that details the rules individuals and businesses must follow in remitting a percentage of their incomes to the federal government.

Who bears responsibility for interpreting the tax code?

Tax lawyers bear responsibility for interpreting the tax code.

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