Authority and Citations
Section 7805 of the Internal Revenue Code gives the United States Secretary of the Treasury the power to create the necessary rules and regulations for enforcing the Internal Revenue Code. These regulations, also known as the “Income Tax Regulations,” are located in Title 26 of the Code of Federal Regulations, or “C.F.R.” The regulations are organized according to the Internal Revenue Code section that a regulation interprets. Citations to the Treasury Regulations may appear in different formats. For instance, the definition of gross income in the regulations may be cited to as “26 C.F.R. 1.61-1” or as “Treas. Reg. 1.61-1.” Both citations refer to the same regulation, which interprets Internal Revenue Code Section 61, "Gross income defined."
Read more about this topic: Treasury Regulations
Famous quotes containing the word authority:
“The function of literature, through all its mutations, has been to make us aware of the particularity of selves, and the high authority of the self in its quarrel with its society and its culture. Literature is in that sense subversive.”
—Lionel Trilling (1905–1975)