are there LAWS and Regulations?

Question

in-place in todays society( WORLDWIDE question)that make you wonder WHY or WHAT FOR ! HOW is that relevant now?ITS 2006 AND NOT 1006

Draconian is the word i was looking for!

lol, some laws are CAVEMONIUM

Answer 1

In the USA, federal laws are passed on Capitol Hill by Senators and Representatives from the States. There are Legislative Regulations and other Regulations established by Agencies that interpret the law. These Regulations are known as the CFR (Code of Federal Regulations). Tax law and their regulations is one example. The quote below from the website in the cited Source gives you an idea of how complicated just the tax Regulations are, not to mention the complexity of the tax law itself:

"Regulations.
Regulations issued by the Treasury Department are codified in Title 26 of the Code of Federal Regulations. They are also included, and regularly updated, in the looseleaf services. Each year West publishes a hardbound set called Federal Tax Regulations (Tax KF6276.99 .W47) which prints all the tax regulations in force as of January 1 of that year. Throughout the year, this set is supplemented by the USCCAN pamphlets. CCH publishes Income Tax Regulations each year (Tax KF6356.99 .C65); this is a multi-volume paperback set with the regulations in force as of July 14 of that year. All stages of activity for regulations are tracked in the Federal Register, Internal Revenue Bulletin and the looseleaf services. The looseleaf services incorporate proposed changes and provide cautions when regulations may be obsolete because of amendments to the Code.

Tax regulations, unlike most regulations, have a specific numbering scheme consisting of three parts: a prefix before the decimal indicating the type of tax (e.g. 1 for income, 20 estate & gift, 30 employment, and 40 excise taxes); numbers following the decimal corresponding to the IRC section; and numbers after the dash that are the numbering scheme for the regulations. Thus, Treas. Reg. § 1.167(a)-1 is the first regulation on the income tax code section 167(a).

There are two types of regulations: (1) legislative regulations, issued under a specific legislative grant of authority, which are authoritative and extremely difficult to attack; and (2) interpretive regulations, which can be attacked by showing that the regulation is contrary to the IRC and are issued under general authority of the Treasury to make rules and regulations. Generally the distinction rests on how broad an authority Congress gave the IRS for rule-making in a particular area.

Notices of proposed and temporary regulations appear in the Federal Register and Internal Revenue Bulletin, and include both the preamble explaining the rationale and the text. After the mandatory comment period, the final regulation, usually an amended version, is adopted by means of a Treasury Decision (T.D.). The T.D. number is generally used for access in finding lists and citators, rather than the CFR citation.

Proposed regulations are issued as "Notice of Proposed Rule Making." These are sometimes used by the IRS during audits, and are crucial for advising clients on proposed actions, so it is important to be aware of developments even before they become final. The looseleaf services note proposed and temporary changes along with the current regulations, making it easy to keep up to date. All proposed regulations are published together in the U.S. Tax Cases volume of Standard Federal Tax Reporter, Vol. 18 of United States Tax Reporter, and Vol. 27A of Federal Tax Coordinator 2d.

Temporary regulations are published in the same pattern as proposed regulations. However, temporary regulations are effective immediately and are often issued after new IRC sections are adopted so that guidance to taxpayers can be given faster without going through the comment and revision process.

Remember that the Code is amended frequently, often a dozen times in one year. When there is a change in the Code, the prior regulations for that section become obsolete and inconsistent with the current Code provisions. The process to write and adopt revised regulations takes a considerable amount of time. The looseleaf services do a very good job of alerting the researcher to these inconsistencies with "Caution" notations. If you have found the regulation in some other source, make sure that it is consistent with the current Code provision before relying on it.

Citations:

Treas. Reg. § 1.471-2(c) (1983).
Treas. Reg. § 1.162-12, T.D. 7198, 1972-2 C.B. 166.
Temp. Treas. Reg. § 7a.1T (1981).
Treas. Reg. § 1.501(c)(3)-1(d)(2), 24 Fed. Reg.
1421, 1423 (1959) (proposed February 26, 1959)."

Answer 2

Can I have some of that acid?