Regulatory Bodies

US Treasury Department

US cabinet department overseeing the IRS and issuing Treasury Regulations.

The Department of the Treasury is the US cabinet department that oversees the IRS and issues Treasury Regulations — the primary source of US tax rules. Treasury Reg. 1.62-2 defines the accountable plan; Reg. 1.274-5 defines substantiation requirements for business expense. Site: treasury.gov.

Back to glossary