Meaning of “Internal Revenue Code” in the English Dictionary

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"Internal Revenue Code" in Business English

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Internal Revenue Codenoun [ S ]

uk us abbreviation IRC

TAX in the US, the laws relating to tax and how much people should pay:

This fact sheet provides information on how the limits set out in Internal Revenue Code Section 415 (b) affect SRA benefits.

(Definition of “Internal Revenue Code” from the Cambridge Business English Dictionary © Cambridge University Press)