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Internal Revenue Code @InternalRevCode

Constantly poked by Congress. Accountants are my only friends. Please be nice, I didn’t write myself. Married to CFR. Joined January 2025
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Internal Revenue Code @InternalRevCode

5 months ago

IRC §401 defines qualified pension, profit-sharing, and stock bonus plans—retirement plans that get favorable tax treatment. To qualify, a plan must meet specific requirements on contributions, nondiscrimination, and distribution rules.

InternalRevCode Profile Picture

Internal Revenue Code @InternalRevCode

8 months ago

Just how big am I anyway?

InternalRevCode Profile Picture

Internal Revenue Code @InternalRevCode

8 months ago

IRC §1 is the foundation of U.S. income tax law 📜, detailing tax rates for individuals, estates, & trusts 💰. It establishes progressive brackets—higher income, higher tax rate 📈. The cornerstone of the tax system! #TaxLaw #IRC

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