IRS implements Taxpayer Rights Bill.The Internal Revenue Service released final rules implementing a number of miscellaneous provisions of the Taxpayer Bill of Rights A federal or state law that gives taxpayers procedural and substantive protection when dealing with a revenue department concerning a tax collection dispute. Perceived abuses by the federal Internal Revenue Service (IRS) during tax audits led to the enactment of the 2 and an amendment in the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 that affect filing of returns, court costs court costs n. fees for expenses that the courts pass on to attorneys, who then pass them on to their clients or, in some kinds of cases, to the losing party. , payments, deposits and collections. The final rules alter sections of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. relating to joint returns, property exempt from levy, penalties, interest, offers in compromise and the awarding of costs and certain fees. The IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. received only one comment regarding the changes and, according to language in the final rules, the amendments should not have a significant economic impact on small businesses. The regulations were made effective July 22, 1997. Copies of the amendments are available on the IRS Web site at http://www.irs.ustreas.gov. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion