Final answer:
The Internal Revenue Manual (IRM) can assist in understanding tax laws and helping tax clients by providing guidance on federal income taxes, explaining other types of taxes, and offering information on IRS procedures and policies. It also helps in understanding how politics can influence tax laws.
Step-by-step explanation:
The Internal Revenue Manual (IRM) can be used to assist in understanding tax laws and helping tax clients in several ways. Firstly, it provides guidance on how federal income taxes are assessed, including the different forms and schedules that taxpayers need to fill out. Additionally, the IRM explains other types of taxes that individuals may have to pay, such as payroll taxes, self-employment taxes, and excise taxes.
Furthermore, the main function of the Internal Revenue Service (IRS) is to enforce tax laws and collect taxes. The IRM provides information on the IRS's procedures, policies, and audit processes, which can aid in understanding the enforcement and compliance aspects of tax laws. It also includes information on tax credits, deductions, and exemptions, which can help tax professionals in advising their clients on tax planning strategies and optimizing their tax liabilities.
Additionally, politics can influence tax laws, and the IRM can provide insights into how tax laws are formulated and changed. The IRM includes guidance on the impact of legislation and court decisions on tax laws, which can help tax professionals stay informed and assist their clients in navigating the ever-changing tax landscape.