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Internal Revenue Service (IRS)

The Internal Revenue Service (IRS) is the agency of the United States Department of the Treasury that is responsible for the collection of taxes and the enforcement of federal tax laws. The IRS administers and enforces the Internal Revenue Code, which is the primary body of federal tax laws in the United States. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to internal revenue service (irs).

Form 1095-C: Insights, Examples, and Tax-Savvy Strategies Thumbnail

Form 1095-C: Insights, Examples, and Tax-Savvy Strategies

Silas Bamigbola

Understanding Bona Fide Foreign Residency: Definition, Application, and Tax Implications Thumbnail

Understanding Bona Fide Foreign Residency: Definition, Application, and Tax Implications

Alessandra Nicole

Physical Presence Test: Examples and Eligibility Thumbnail

Physical Presence Test: Examples and Eligibility

SuperMoney Team

Disqualifying Income Explained: Criteria, Impact on EITC, and FAQs Thumbnail

Disqualifying Income Explained: Criteria, Impact on EITC, and FAQs

Alessandra Nicole

Free File Fillable Tax Forms: Benefits, Eligibility, and FAQs Thumbnail

Free File Fillable Tax Forms: Benefits, Eligibility, and FAQs

Silas Bamigbola

Form 8689: Understanding Tax Allocation in the US Virgin Islands Thumbnail

Form 8689: Understanding Tax Allocation in the US Virgin Islands

Silas Bamigbola

Suspended Loss: Definition, How It Works, and Example Thumbnail

Suspended Loss: Definition, How It Works, and Example

Dan Agbo

Passive Activity Loss Rules: Understanding, Examples, and Strategies Thumbnail

Passive Activity Loss Rules: Understanding, Examples, and Strategies

SuperMoney Team

Constructive Receipt: Definition, Application, and Tax Implications Thumbnail

Constructive Receipt: Definition, Application, and Tax Implications

Alessandra Nicole

Foreign Earned Income Exclusion: Qualifications, Application, and Tax Implications Thumbnail

Foreign Earned Income Exclusion: Qualifications, Application, and Tax Implications

Alessandra Nicole

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Learn About Internal Revenue Service (IRS)

Thumbnail for Blog Article: LT11B Notice: Avoid Asset Seizure With These Steps

LT11B Notice: Avoid Asset Seizure With These Steps

Silas Bamigbola

Thumbnail for Blog Article: Letter 3171: What It Means When the IRS Files a Lien

Letter 3171: What It Means When the IRS Files a Lien

SuperMoney Team

Thumbnail for Blog Article: IRS CP53 Notice: What It Means and What to Do Next

IRS CP53 Notice: What It Means and What to Do Next

Silas Bamigbola

Thumbnail for Blog Article: Tax Relief Extended: How the IRS is Supporting Californians Post Natural Disasters

Tax Relief Extended: How the IRS is Supporting Californians Post Natural Disasters

SuperMoney Team

Thumbnail for Blog Article: CP62 Notice: What It Means for Your Refund or Payment

CP62 Notice: What It Means for Your Refund or Payment

Silas Bamigbola

Thumbnail for Blog Article: CP53A Notice: What is it and How Should You Respond?

CP53A Notice: What is it and How Should You Respond?

Silas Bamigbola

Page 1 of 59

About Internal Revenue Service (IRS)

The Internal Revenue Service (IRS) is the agency of the United States Department of the Treasury that is responsible for the collection of taxes and the enforcement of federal tax laws. The IRS administers and enforces the Internal Revenue Code, which is the primary body of federal tax laws in the United States. The IRS is responsible for assessing, collecting, and enforcing taxes on individuals, businesses, and organizations. The IRS also provides guidance and assistance to taxpayers to help them comply with tax laws. The IRS's functions include issuing tax forms and instructions, processing tax returns, conducting audits, and enforcing compliance with tax laws through various means, including fines and penalties. The IRS also provides various services to help taxpayers resolve disputes with the agency, such as the Office of the Taxpayer Advocate.