Chapter2.pptVIP

Chapter 2 Working with the Tax Law Statutory Sources of Tax Law (slide 1 of 2) Internal Revenue Code Codification of the Federal tax law provisions in a logical sequence Have had three codes: 1939, 1954, 1986 Statutory Sources of Tax Law (slide 2 of 2) Example of Code Citation: § 2(a)(1)(A) 2 = section number (a) = subsection (1) = paragraph designation (A) = subparagraph designation Legislative Process For Tax Bills Administrative Sources of Tax Law Regulations (slide 1 of 4) Issued by U.S. Treasury Department Provide general interpretations and guidance in applying the Code Reg