(an amount of) money paid to the government that is based on your income or the cost of goods or…. They may represent you throughout the various stages of tax disputes, from an initial audit to IRS administrative appeals, Tax Court and final review by the Court of Appeals, or even the U.S. Supreme Court. Tax law or revenue law is an area of legal study which deals with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation. Dictionary Term of the Day Articles Subjects BusinessDictionary Define tax law. tax definition: 1. TAX LAW, SOURCES OF -- The main domestic sources of tax law are primary legislation, such as acts or laws, and secondary legislation such as regulation, decisions, circulars, orders, etc. A person who is convicted is subject to a prison sentence, a fine, or both. This Tax Law glossary will help you understand the legal terms and phrases which are relevant to IRS audits, tax deductions, and other areas of tax law. Learn more. The Tax Law glossary gives you access to definitions for legal terminology commonly used in tax law related documents, and court proceedings.
Tax law can also be divided into material tax law, which is the analysis of the legal provisions giving rise to the charging of a tax; and formal tax law, which concerns the rules laid down in the law as to assessment, enforcement, procedure, coercive measures, … Definition of tax law: Body of law concerned with taxation. Tax attorneys serve many important functions in the complicated arena of tax law. Tax evasion is a criminal offense under federal and state statutes. tax evasion: The process whereby a person, through commission of Fraud , unlawfully pays less tax than the law mandates. tax law synonyms, tax law pronunciation, tax law translation, English dictionary definition of tax law. A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures.