Itemized Deductions the Federal Tax System That Essay

Open, View, and/or
Download this Document

Total Length: 627 words ( 2 double-spaced pages)

Total Sources: 3

Page 1 of 2

Itemized Deductions

The Federal Tax system that is managed by the Internal Revenue Service (IRS) contains many complicated rules and regulations that presents many problems and issue for taxpayers wishing to abide by these laws. Itemized deductions is one method of self-reporting that taxpayers choose to use to file their returns. The purpose of this essay is to examine the use of itemized deductions on federal income tax returns. This investigation seeks to understand the history of this application while also evaluating the complex nature of the qualities that determine the appropriateness of this selection. This essay will also examine the effectiveness of itemized deductions as part of the larger component of income tax returns. The essay will conclude by highlighting certain examples where IRS audits were started because of misuse of the itemized deduction.

History of the Itemized Deduction

According to the Internal Revenue Service's web site its history has roots during the Civil war when Abraham Lincoln created a tax commissioner of Internal Revenue.

Stuck Writing Your "Itemized Deductions the Federal Tax System That" Essay?

View All Our Example Itemized Deductions the Federal Tax System That Essay

Have A Custom Example Essay Written

This was later ruled unconstitutional but the 16th Amendment to the United States Constitution gave congress the authority to enact an income tax on American civilians. The article continued by revealing "In the 50s, the agency was reorganized to replace a patronage system with career, professional employees. The Bureau of Internal Revenue name was changed to the Internal Revenue Service. Only the IRS commissioner and chief counsel are selected by the president and confirmed by the Senate. The IRS Restructuring and Reform Act of 1998 prompted the most comprehensive reorganization and modernization of IRS in nearly half a century. The IRS reorganized itself to closely resemble the private sector model of organizing around customers with similar needs." The fairness of this amendment has been debated over the decades and some have made the claims that the IRS is not an official branch of government and its ability….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Itemized Deductions The Federal Tax System That" (2013, February 24) Retrieved May 17, 2024, from
https://www.aceyourpaper.com/essays/itemized-deductions-federal-tax-system-103798

Latest MLA Format (8th edition)

Copy Reference
"Itemized Deductions The Federal Tax System That" 24 February 2013. Web.17 May. 2024. <
https://www.aceyourpaper.com/essays/itemized-deductions-federal-tax-system-103798>

Latest Chicago Format (16th edition)

Copy Reference
"Itemized Deductions The Federal Tax System That", 24 February 2013, Accessed.17 May. 2024,
https://www.aceyourpaper.com/essays/itemized-deductions-federal-tax-system-103798
   

Open, View, and/or
Download this Document
order custom essay example