Definition - What does Treasury Regulations mean?
Treasury Regulations are the various rules and codes that are put forth by the United States Treasury. These regulations correspond to the United States Tax Code.
Treasury Regulations encompass many different areas of tax law. All American citizens and American companies are obligated to comply with Treasury Regulations.
Justipedia explains Treasury Regulations
Treasury Regulations can involve rules for things like retirement plans, retirement age, employee benefits programs, standards for actuaries, etc. Essentially, Treasury Regulations serve the purpose of making sure that the standards set forth by the IRS and the U.S. Treasury are laid out and enforced.
People who violate these regulations can face legal consequences. For example, a person who fails to pay their taxes can face certain punishments, including jail time.