US Income Tax

From Wikibooks, open books for an open world
Jump to: navigation, search
Internal Revenue Service headquarters, Washington DC
AMENDMENT XVI. The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration.

This book covers federal income tax in the United States. It approaches the tax system from a legal perspective, not an accounting perspective. Rather than show how to calculate tax liability, it shows which factors lead to tax liability, and how different types of transactions are treated by the Internal Revenue Code.

Contents[edit]