Interpretations of tax law issued by IRS to individuals, businesses, and government ...

(a) Allowance of deduction. Where a donor transfers during the calendar year by gift an interest in property to a donee who at the time of the gift is the donor's spouse, there shall be allowed as a ...

(a) Allowance of credit. In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year the amount equal to the sum of-- (1) the American ...

(a) Authority of Secretary. The Secretary is authorized and required to make the inquiries, determinations, and assessments of all taxes (including interest, additional amounts, additions to the tax, ...

(c) Penalty for failure to file information. (1) In general. If a United States person fails to furnish the information required by subsection (a) with respect to any foreign gift within the time ...

Internal Revenue Code of 1986 SUBTITLE B -- ESTATE AND GIFT TAXES Chapter 11 -- Estate Tax Subchapter A -- Estates of Citizens or Residents Part III -- Gross estate (1) Receivable by the executor. To ...

(a) General rule. Under regulations prescribed by the Secretary, in the case of a United States shareholder who is an individual and who elects to have the provisions of this section apply for the ...

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(a) In general. Unless otherwise provided in regulations, all determinations under this subtitle shall be made in the taxpayer's functional currency. (b) Functional currency. (B) in the case of a ...

(a) Tax imposed. In the case of any qualified employer plan, there is hereby imposed a tax equal to 10 percent of the nondeductible contributions under the plan (determined as of the close of the ...