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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).

Mortgage Interest Credit: Form 8396 for Homeowners Thumbnail

Mortgage Interest Credit: Form 8396 for Homeowners

Silas Bamigbola

Tax Schedules Explained: How They Work, Types, and Examples Thumbnail

Tax Schedules Explained: How They Work, Types, and Examples

Abi Bus

What Is a Qualifying Relative? Definition, Eligibility, and Tax Benefits Thumbnail

What Is a Qualifying Relative? Definition, Eligibility, and Tax Benefits

Alessandra Nicole

Navigating Tax Filing Changes: The Evolution and Retirement of IRS Form 1040EZ Thumbnail

Navigating Tax Filing Changes: The Evolution and Retirement of IRS Form 1040EZ

Alessandra Nicole

Nanny Tax: Definition, Compliance, and Benefits Thumbnail

Nanny Tax: Definition, Compliance, and Benefits

SuperMoney Team

Exemptions: Definition, Implications, and Examples Thumbnail

Exemptions: Definition, Implications, and Examples

SuperMoney Team

Controlled Foreign Corporation (CFC): Understanding Its Impact and Compliance Thumbnail

Controlled Foreign Corporation (CFC): Understanding Its Impact and Compliance

Silas Bamigbola

Form 4868: Understanding the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return Thumbnail

Form 4868: Understanding the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return

Abi Bus

Depletion in Accounting: How It Works, Methods, and IRS Requirements Thumbnail

Depletion in Accounting: How It Works, Methods, and IRS Requirements

Alessandra Nicole

Taxpayer Advocate Service (TAS): Definition, Services, and Case Studies Thumbnail

Taxpayer Advocate Service (TAS): Definition, Services, and Case Studies

Silas Bamigbola

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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.