Content Related To 'Federal Income Tax Law'

Oct. 22, 1986: President Reagan signs the Tax Reform Act to simplify the tax code

On Oct. 22, 1986, President Reagan signed the Tax Reform Act of 1986 in order to simplify the nation’s income tax code. The act, which remains the biggest single tax-code simplification, eliminated 11 tax brackets and shifted the tax-paying burden from individuals to companies. The act also removed the tax incentive that encouraged real-estate investment […]

Oct. 17, 1931: Al Capone is sentenced to 11 years in prison

On Oct. 17, 1931, Al Capone was convicted and sentenced to 11 years in federal prison and fined $80,000 for income tax evasion. After moving to Chicago from New York City, Capone quickly gained a reputation as a savage yet clever criminal, taking advantage of prohibition laws by making millions of dollars from bootlegging alcohol. […]

Oct. 10, 1973: Vice President Spiro Agnew pleads guilty to tax evasion

On Oct. 10, 1973, Spiro Agnew pled guilty to federal income tax evasion and resigned from his position as U.S. vice president. In exchange for Agnew’s guilty plea, which included three years of probation and a $10,000 fine, federal prosecutors agreed to drop more-serious charges of political corruption. In April 1973, emerging details of financial […]

COLUMN: The Law in Real Life: Feds Tax Reality Show Winnings but Otherwise Do Not Regulate Survivor and Other Competitive Shows

Lea en español COLUMN: The Law in Real Life by Linda Holmes, J.D. Feds Tax Reality Show Winnings but Otherwise Do Not Regulate Survivor and Other Competitive Shows Oct. 22, 2008 In the nearly eight years since Richard Hatch became the first winner of Survivor, he has done a variety of things. He appeared on […]


Websites General – Comprehensive directory of links to tax, accounting, and payroll. ABA Tax Links Index – Links to federal, state, and miscellaneous tax sites. Digital Accounting Collection – Full text access to over 1,000 accounting pamphlets, journals, and other materials. Federal & state tax Legalbitstream – Full text of U.S. tax cases, including […]

Federal Income Tax Law

Lea en español The Scope of Federal Income Tax Law Pursuant to ratification of the 16th Amendment to the U.S. Constitution in 1913, Congress was given the power to collect a tax on “incomes, from whatever source derived, without apportionment among the states, and without regard to any census or enumeration.” Under the Internal Revenue […]

Tax Law

Lea en español While taxes are, for most of us, an unavoidable part of life, there are legitimate ways that you can minimize the burden. Whether its state or federal income tax, a levy on the sale of goods or property, or an estate or inheritance tax, the more you know, the more likely you’ll […]