The alternative fuels credit, which is detailed in theInternal Revenue Code (IRC), came from the idea that the United States should reduce its dependence on imported oil and instead embraceadvanced fuels and vehicle technologies.3 Particularly influential in the development of the IRC’s views on ...
In the U.S., the IRS can levy an individual's property to satisfy a tax debt. Property that can be levied includes real property like cash in a bank account, a house, a car, or a boat. TheInternal Revenue Code(IRC) authorizes levies for delinquent tax payments to the federal governme...
TheInternal Revenue Code (IRC)includes individual and corporate income taxes, payroll taxes, excise taxes, estate taxes, gift tax, and generation-skipping transfer tax. Criticism generally has focused on the broad-based individual and corporate income taxes, however.13 There's understandably little en...