Skip to content

SuperMoney: Budgeting AI

Financial calm, Finally.

Get

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

Content Types

  • Encyclopedia
  • Articles
  • About Topic

Related Topics

Encyclopedia Articles

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

Mileage Allowance: Exploring Deductible Car Expenses Thumbnail

Mileage Allowance: Exploring Deductible Car Expenses

Silas Bamigbola

Mastering the Applicable Federal Rate (AFR): A Comprehensive Guide to Personal Loans and Taxes Thumbnail

Mastering the Applicable Federal Rate (AFR): A Comprehensive Guide to Personal Loans and Taxes

Alessandra Nicole

Self-Dealing in Finance: Definition, Examples, and Legal Implications Thumbnail

Self-Dealing in Finance: Definition, Examples, and Legal Implications

Alessandra Nicole

Premature Distributions in Retirement Accounts: Mechanics, Exceptions, and Strategies Thumbnail

Premature Distributions in Retirement Accounts: Mechanics, Exceptions, and Strategies

Alessandra Nicole

Qualified Appraisals: Definition, Role, and Examples Thumbnail

Qualified Appraisals: Definition, Role, and Examples

Silas Bamigbola

Telefile: What It Was, How It Worked, and Why It's No Longer Available Thumbnail

Telefile: What It Was, How It Worked, and Why It's No Longer Available

Alessandra Nicole

Tax Secrets: Continuity of Business Enterprise Doctrine Demystified Thumbnail

Tax Secrets: Continuity of Business Enterprise Doctrine Demystified

Silas Bamigbola

IRS Publication 541: What It Is, How It Works and Examples Thumbnail

IRS Publication 541: What It Is, How It Works and Examples

SuperMoney Team

Joint Return Test: Definition, Examples, and Exceptions Thumbnail

Joint Return Test: Definition, Examples, and Exceptions

SuperMoney Team

The Research Activities Credit: Definition, Eligibility, and Application Thumbnail

The Research Activities Credit: Definition, Eligibility, and Application

Alessandra Nicole

Page 17 of 36

Previous1516171819Next

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.