Internal Revenue Code
Proper noun
Meaning
Internal Revenue Code
(finance, US) The domestic portion of federal statutory tax law in the United States.
Examples
The Internal Revenue code has ballooned to a 5,600-page, 4 million-word complicated mess that is seven times as long as the Bible with none of the good news.
A huge win was the Legislature and governor agreeing to decouple from two provisions in the Internal Revenue Code.
As a "social welfare" nonprofit organized under section 501(c)(4) of the Internal Revenue Code, the organization is not required to disclose its donors.
In United States v. Kimble, (S.D.N.Y.1960), the indictment was in two counts, each charging a violation of Internal Revenue laws, but neither count specified one of the enumerated sections of the Internal Revenue Code.
” means the Internal Revenue Code of 1986, and the regulations promulgated thereunder, as amended and in effect.
This is a non-profit, tax-exempt, educational foundation under Section 501(c)3 of the Internal Revenue Code, incorporated in the State of Delaware.