IRC Terms And Their Meanings
IRC Terms Of The Internal Revenue Code.
The meaning of certain terms as defined in the I.R.C. is subject to some frivolous arguments that people bring into court. The advocates of these contentions assert that the definition of certain terms like citizens, United States, persons and employees are not clearly defined. Therefore, those terms are subject to various interpretations. What some taxpayers fail to realize is that since the Internal Revenue Code is implemented solely by the IRS, their interpretation of it is all that matters.
Don’t Get Caught Up On Meanings Of The IRC Terms:
One contentious argument the IRS refutes, concerns taxpayer citizenship. The argument concludes that only United States citizens are subject to federal tax law. Tax law does not apply if a taxpayer is not a U.S. citizen. The sad thing is that the IRS uses the term United States person and defines it as any citizen and/or resident of the US.
In other frivolous claims taxpayers make, they assert that the US refers only to the District of Columbia and territories of the United States such as Guam and Puerto Rico.
The argument that an individual is not a person as defined in the I.R.C. has been uniformly rejected in court.
Another contentious claim is that the only employees subject to federal income tax law are those individuals who work for the government. Private sector employees are not liable for any income tax.
If you are currently dealing with an IRS tax issue because you feel that the IRC terms give you a way out, you may be in over your head. The IRS will come after you and will collect with or without you having to volunteer. Contact us today to see how we can help. Resolving this matter the right way is the only way it will go away. Call us at (713) 774 – 4467 or visit our website. With over 30 years of experience and the knowledge that comes with that, Joe Mastriano, CPA can resolve your tax problem.