Final answer:
The American Institute of CPAs (AICPA) has issued 'Statements on Standards for Tax Services' as part of its Code of Professional Conduct. The IRS administers federal tax laws, and politics can significantly influence tax laws and policies.
Step-by-step explanation:
The organization that has issued enforceable pronouncements titled "Statements on Standards for Tax Services" as part of its Code of Professional Conduct is the American Institute of CPAs (AICPA). The AICPA is a professional organization for Certified Public Accountants (CPAs) in the United States. These pronouncements are part of a broader ethical framework designed to establish guidelines for CPAs, including those providing tax services.
Federal income taxes are assessed based on an individual's or entity's taxable income, with various deductions and credits applied according to current tax laws. Taxpayers may also encounter other types of taxes, such as sales taxes, property taxes, and estate taxes, depending on their state or locality, and their personal circumstances. The main function of the Internal Revenue Service (IRS) is to administer and enforce federal tax laws, including tax collection and processing of tax returns.
Politics can play a significant role in shaping tax laws, as different political ideologies can lead to varying tax policies. For example, one political party may advocate for tax cuts to stimulate the economy, while another might favor higher taxes on wealthier individuals to fund social programs. These differing viewpoints can result in changes to tax legislation, affecting the way taxes are assessed and collected.