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Introduction Minimal revenue enhancementes were required to operate the government during the early geezerhood of the United States of America. The first sales valuate was imposed to suspensor pay off the expenses incurred as a result of the fight of 1812. The first income tax law was enacted by Congress during 1862 to continue the Civil War. The commissioner of Internal Revenue was established through with(predicate) the deed of 1862 giving the commissioner authorization to assess, levy, and collect taxes, and the right to enforce the tax laws through seizure of property and income and through prosecution. (Pearson Education, Inc., © 2000 -2007) This income tax was not a permanent tax, being eliminated, revived, and eliminated for a second succession in 1895 when the United States Supreme Court ruled that income tax was unconstitutional. Income tax became a permanent obligation in 1913 through the 16th Amendment to the United States Constitution. Amendment 16 resulted in individuals and all forms of descent organizations being required to pay taxes on all income. Overtime, legion(predicate) modifications provisions have been enacted affecting taxation. The intent of this paper is to retrace the sources and the objectives of modern income tax statutes, to comp be and contrast between generally accepted accounting principles and tax accounting, also to differentiate between tax evasion and tax accounting.

valuate Law and Accounting Sources of Modern Income Tax Statutes The legislative leg, the decision maker peg, and the Judicial Branch all generate sources of tax law. The Internal Revenue Code and the Congressional Committee Reports are the sources of tax law generated through the Legislative Branch. The Legislative Branch operates as the supreme authority for tax research, planning, and compliance activities. (Page, et. al., 2008) The Income Tax Regulations, Revenue Rulings, and Revenue Procedures are created through the Executive Branch and the Court Decisions are produced by means of the Judicial Branch. Executive Branch regulations, such as... If you want to get a exuberant essay, order it on our website: Orderessay

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