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  2. North American Industry Classification System - Wikipedia

    en.wikipedia.org/wiki/North_American_Industry...

    The North American Industry Classification System or NAICS (/ n eɪ k s /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada , Mexico , and the United States of America .

  3. Section 831 (b) - Wikipedia

    en.wikipedia.org/wiki/Section_831(b)

    The Tax Reform Act of 1986 is regarded as one of the most significant pieces of tax legislation in the history of the United States. [7] [8] President Ronald Reagan signed the Act into law with the goal of simplifying the tax code and expanding the tax base while also ending a variety of tax shelters and preferences.

  4. Standard Industrial Classification - Wikipedia

    en.wikipedia.org/wiki/Standard_Industrial...

    SIC codes have a hierarchical, top-down structure that begins with general characteristics and narrows down to the specifics. The first two digits of the code represent the major industry sector to which a business belongs. The third and fourth digits describe the sub-classification of the business group and specialization, respectively.

  5. Internal Revenue Code - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code

    On August 16, 1954, in connection with a general overhaul of the Internal Revenue Service, the IRC was greatly reorganized by the 83rd United States Congress and expanded (by Chapter 736, Pub. L. 83–591). Ward M. Hussey was the principal drafter of the Internal Revenue Code of 1954.

  6. 8 IRS Secrets To Know for the 2023 Tax Filing Season - AOL

    www.aol.com/finance/8-irs-secrets-know-2023...

    If you're still working on filing your tax return in 2023, you're not alone. Many Americans take all the way until the final day of April 15 -- or, for 2023, April 18 -- to finish their returns.

  7. Get a jump on your taxes with these tips from the IRS - AOL

    www.aol.com/jump-taxes-tips-irs-2023-145005768.html

    There are many tax law changes to be aware of in 2023 and sometimes it can be difficult to keep up with all of them. Stay on top of the latest news and tax trends by signing up for e-News ...

  8. Heads up if you’re a freelancer or small business owner: The ...

    www.aol.com/heads-freelancer-small-business...

    For this year, if you had more than $5,000 in gross business transactions on a given app or platform, then you, the IRS and your state tax department should all receive a 1099-K reflecting that.

  9. Tax accounting in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_accounting_in_the...

    The Internal Revenue Code governs the application of tax accounting. Section 446 sets the basic rules for tax accounting. Tax accounting under section 446(a) emphasizes consistency for a tax accounting method with references to the applied financial accounting to determine the proper method. The taxpayer must choose a tax accounting method ...

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