Customs in United States Customs Definition

This term is usually applied to those taxes which are payable upon goods and merchandise imported or exported. Story, Const. § 949; Bac. Abr. Smuggling. The duties, toll, tribute, or tariff payable upon merchandise exported or imported. […]

Internal Revenue Code

Internal Revenue Code in the United States Internal Revenue Code of 1986 In the U.S. Code Platform: 26 U.S.C. § 1 : US Code – Section 1: Tax imposed. Legal Materials The Internal Revenue Code (IRC) is Title 26 of the United States Code , and the related regulations are Title 26 of the […]

Tax Law

Tax Law in the United States Main Elements Tax Law Defined It covers the rules, policies and laws that oversee the tax process, which involves charges on estates, transactions, property, income, licenses and more by the government. Taxation also includes duties on imports from foreign […]


Carryforward in the United States Operating Loss and Tax Credit Carryforwards Some companies have federal and state net operating loss carryforwards due to prior period losses. Federal tax credit carryforwards, which if not utilized, will begin to expire in fifteen years. Some tate tax […]


Tax in the United States Tax Definition A contribution Imposed by government on individuals for the service of the state. 13 Pa. St. 104; 115 111. 109. It is distinguished from a subsidy, as being certain and orderly. Jacob. A sum of money assessed under the authority of the state on the […]

Taxation Office

Taxation Office in the United States Tax Administration Administrative Complexity New legislation places new demands on the administrative resources of the IRS and Treasury Department. The most immediate impact is felt in the task of redesigning tax forms and instructions to incorporate […]

Taxation Definition

Taxation Definition in the United States Tax Portal in the US Encyclopedia of Law U.S. Law Dictionary Taxation Definition in the Legal Dictionary Tax Definition in the Legal Dictionary U.S. Dictionaries U.S. Definitions Complexity of Taxation Terms By Michael E. […]


Shelters in the United States Film Tax Shelters By Schuyler M. Moore, a partner in the entertainment department of Stroock & Stroock & Lavan. He is the author of The Biz: The Basic Business, Legal and Financial Aspects of the Film Industry and Taxation of the Entertainment Industry. […]

Internal Revenue Service Organization

Internal Revenue Service Organization in the United States Introduction to Internal Revenue Service Organization The IRS is divided into three organizational levels: the national office, the regional offices, and the district offices. The national office in Washington, D.C., is responsible […]

Internal Revenue Service History

Internal Revenue Service History in the United States Internal Revenue Service Recent Developments Introduction to Internal Revenue Service History In 1997 and 1998 the IRS became the subject of dramatic congressional hearings. Several taxpayers testified that the agency had persecuted them […]

State Sales Tax

State Sales Tax in the United States In general, the long-term trend has been in the last decades is a narrowing path relative to state personal income. For example, takingi in account the average sales-taxing state, the tax base equaled 51.4% of the state’s personal income in 1979, and […]

Tax Extension

Tax Extension in the United States See also the Extension Tax definition in the Law Dictionary. Tax Extension in the United States: 2011, 2012, 2013 and Beyond File Tax Extension Online How to file an Extension for Taxes IRS Extension Tax Form IRS e-File Extension Extension Tax […]

Trade or Business

Trade or Business term in the United States Trade or Business in Tax Law The term “trade or business” is an internal revenue service (IRS) term of art. At 26 U.S.C. § 7701(a)(26). It is defined as “includes the performance of the functions of a public office.” Rules of construction […]