Question

In: Accounting

What is the structure of the IRS Tax Code in 100 words?

What is the structure of the IRS Tax Code in 100 words?

Solutions

Expert Solution

Answer) IRS tax code's objective is to provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

Structure of IRS is divided into two primary organizations: the deputy commissioner for services and enforcement (DCSE) and the deputy commissioner of operations support (DCOS).

The deputy commissioner for services and enforcement (DCSE) is the largest organization which oversees the four primary operating divisions responsible for major customer segments as well as other taxpayer functions. these functions are as follows:

1) Wage and Investment (W&I)

2))Small business/Self Employed ( SB/SE )

3) Large business and International ( LB&I )

4) Tax-exempt and Government Entities (TE/GE )

The Deputy Commissioner for Operations Support ( DSOC) oversees the IRS' integrated support functions, facilitating economy of scale efficiencies and better business practices.


Related Solutions

How is the structure of the IRS tax code used in tax planning?
How is the structure of the IRS tax code used in tax planning?
How does the IRS tax code affect the economic activity?
How does the IRS tax code affect the economic activity?
What are two sources of tax guidance (e.g. IRS code, Revenue Procedure) for each Partnership, C...
What are two sources of tax guidance (e.g. IRS code, Revenue Procedure) for each Partnership, C corporation, and S corporation? How does it define a component of the tax policy for that form of organization?
An IRS code criteria for a REIT to qualify as a tax-free entity is: Question 9...
An IRS code criteria for a REIT to qualify as a tax-free entity is: Question 9 options: 1) it can not issue transferable shares 2) it may be a financial institution or insurance company 3) it must derive at least 75% of its gross income from real estate related investments 4) it may not hold all of its assets in the form of mortgages Question 10 (2 points) Land loans are considered to be: Question 10 options: 1) risky 2)...
Discuss Tax Compliance, the IRS, and the concept of Tax Authorities. Additionally, discuss filing requirements, IRS...
Discuss Tax Compliance, the IRS, and the concept of Tax Authorities. Additionally, discuss filing requirements, IRS audits, the federal court system that adjudicates federal tax law, and the Internal Revenue Code.
For most Code purposes, what must the IRS prove in order to show that a taxpayer...
For most Code purposes, what must the IRS prove in order to show that a taxpayer committed a "willful" act resulting in a tax crime?
Discuss what is a Chargeable Lifetime Transfer, the tax rates and the Grossing-up rules. (100 words)...
Discuss what is a Chargeable Lifetime Transfer, the tax rates and the Grossing-up rules. (100 words) Taxation
Name three advantages of taking a tax dispute with the IRS to the U.S. Tax Court...
Name three advantages of taking a tax dispute with the IRS to the U.S. Tax Court instead of another federal court.
What IRS form is used to put a tax refund into more than one account
What IRS form is used to put a tax refund into more than one account
So, to recap, in proving tax fraud, the IRS relies on determining what the taxpayer's mens...
So, to recap, in proving tax fraud, the IRS relies on determining what the taxpayer's mens rea is and looks for conduct that may determine illegal tax evasion. Intent is necessary for tax evasion. What are some of those badges of fraud?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT