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ACC 3043: Federal Income Taxation (Smith)

Internal Revenue Code (IRC)

Organization of IRC

The Internal Revenue Code is topically organized and generally referred to by section number (sections 1 through 9834). The following describes the organization / structure of IRC:

Example 2:  § 403. Taxation of employee annuities

  • TITLE 26 > Subtitle A > CHAPTER 1 > Subchapter D > PART I > Subpart A > § 403  >  (b) Taxability of beneficiary under annuity purchased by section 501 (c)(3) organization or public school  >  (8) Rollover amounts  > (A) General rule  >  (iii) in the case of a distribution of property other than money ...

Example 1: § 501. Exemption from tax on corporations, certain trusts, etc.

  • TITLE 26 > Subtitle A > CHAPTER 1 > Subchapter F > PART I > § 501

Organization of IRC: An example from Wikipedia

IRC 162(e)(2)(B)(ii) - An example from Wikipedia, the free encyclopedia

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As an example, section 162(e)(2)(B)(ii) (26 U.S.C. § 162(e)(2)(B)(ii)) would be as follows

Title 26: Internal Revenue Code

  • Subtitle A: Income Taxes
  • Chapter 1: Normal Taxes and Surtaxes
  • Subchapter B: Computation of Taxable Income
  • Part VI: Itemized Deductions for Individuals and Corporations
  • Section 162: Trade or business expenses
  • Subsection (e): Denial of deduction for certain lobbying and political expenditures
  • Paragraph (2) Exception for local legislation
  • Sub-paragraph (B)
  • Clause (ii)