Internal Revenue Code


Definition of "Internal Revenue Code"

U.S. tax law that consists of regulations and rules to be followed by taxpayers. The Internal Revenue Code of 1954 is continually revised and amended over time.

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Internal Revenue Code

Federal statute defining the federal tax code, covering such topics as credits against tax; business-related credits; computing credit for investment ...

Section 401 (h) Pension Plan Trust

Trust established under the auspices of the Internal Revenue Code that permits the maintenance of a separate account within the employer's defined ben ...

Section 101 (a) (1) Of The Internal Revenue Code

Section of the code that qualifies that the death benefit paid under a life insurance policy is received by the beneficiary income-tax free. These tax ...

Public Employee Deferred Compensation Plan

Qualified retirement plan under the internal revenue code Section 457 for employees of the states and political subdivisions within the states. ...

Section 105 Of The Internal Revenue Code

Federal statute that permits the self-employed a 100% tax deduction for the family health care expenses to include health insurance premiums, disabili ...

Section 1035 Exchange

Section of the Internal Revenue Code that provides for the taking of the proceeds from one life insurance policy or annuity and the reinvesting of the ...

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The Real Estate Settlement Procedure Act requires the lender to disclose certain information about a loan, including the estimated closing costs and A ...

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A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that pa ...

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The process of finalizing all the dealing associated with the sale and purchase of a home. (Also known as a settlement) ...

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A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small f ...

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