Internal Revenue Code (IRC): Federal tax law framework that governs income reporting requirements and tax obligations in the United States
Fair Labor Standards Act (FLSA): Federal law establishing standards for wage reporting, overtime pay, and employment records that may need to be reflected in income statements
Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, including income reporting requirements
Sarbanes-Oxley Act: Federal law establishing enhanced standards for corporate financial reporting and disclosure, particularly relevant for publicly traded companies
Generally Accepted Accounting Principles (GAAP): Standardized accounting principles and guidelines that govern how financial statements, including income statements, should be prepared and presented
FASB Guidelines: Standards and guidance issued by the Financial Accounting Standards Board for financial reporting and accounting practices
Equal Employment Opportunity Laws: Federal laws ensuring non-discrimination in employment practices, which may affect how income information is reported and verified
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer information, including income verification
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data, including income information
State Tax Regulations: State-specific laws governing income reporting and tax obligations at the state level
SEC Requirements: Regulations set by the Securities and Exchange Commission for financial reporting and disclosure, particularly for public companies
FTC Regulations: Federal Trade Commission rules governing consumer protection and fair business practices in financial reporting and disclosure
