USTC meaning in Business ?

Answer: What is United States Tax Court mean?

The United States Tax Court (in case citations, T.C.) is a federal trial court of record established by Congress under Article I of the U.S. Constitution, section 8 of which provides (in part) that the Congress has the power to "constitute Tribunals inferior to the supreme Court". The Tax Court specializes in adjudicating disputes over federal income tax, generally prior to the time at which formal tax assessments are made by the Internal Revenue Service.

Though taxpayers may choose to litigate tax matters in a variety of legal settings, outside of bankruptcy, the Tax Court is the only forum in which taxpayers may do so without having first paid the disputed tax in full. Parties who contest the imposition of a tax may also bring an action in any United States District Court, or in the United States Court of Federal Claims; however these venues require that the tax be paid first, and that the party then file a lawsuit to recover the contested amount paid (the "full payment rule" of Flora v. United States).

The main emblem of the tax court represents a fasces.

reference

Full Form	Category
University Of Science And Technology Of China	Academic & Science
University of Science & Technology Chittagong	Academic & Science
U S Technologies, Inc.	Business
United States Tax Court	Business
United Shipping & Trading Company	Business
Universal Short Title Catalogue	General
United State of Travancore and Cochin	General
United States Training Center	Regional
United Sports Training Center	Sports