Federal Tax Regulations

Federal Tax Regulations are rules issued by the U.S. Department of the Treasury that clarify and interpret tax laws enacted by Congress. They provide guidance on how to apply these laws to various situations, helping individuals and businesses understand their tax obligations. Essentially, these regulations outline the specifics of tax codes, such as income tax, deductions, credits, and compliance requirements. They are essential for ensuring that taxpayers adhere to the law and for the IRS to enforce tax policies fairly.