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).

FATCA: Reporting Foreign Financial Assets for U.S. Taxpayers Thumbnail

FATCA: Reporting Foreign Financial Assets for U.S. Taxpayers

Silas Bamigbola

Uncle Sam: The Personification of American Governance and Finance Thumbnail

Uncle Sam: The Personification of American Governance and Finance

Alessandra Nicole

Unlocking Tax Benefits: The Qualified Widow or Widower Status Explained Thumbnail

Unlocking Tax Benefits: The Qualified Widow or Widower Status Explained

Alessandra Nicole

Not-for-Profit Organizations: Definition, Benefits, and Tax Implications Thumbnail

Not-for-Profit Organizations: Definition, Benefits, and Tax Implications

Silas Bamigbola

83(b) Election: Tax Strategy and When and Why to File Thumbnail

83(b) Election: Tax Strategy and When and Why to File

Silas Bamigbola

Federal Unemployment Tax Act FUTA: Definition and Calculation of FUTA Liability Thumbnail

Federal Unemployment Tax Act FUTA: Definition and Calculation of FUTA Liability

SuperMoney Team

Schedule K-1: How to Use It for Your Taxes Thumbnail

Schedule K-1: How to Use It for Your Taxes

SuperMoney Team

Sundry Income: Definition, Examples, and Financial Impact Thumbnail

Sundry Income: Definition, Examples, and Financial Impact

SuperMoney Team

Form 1310: Definition, Filing Process, and Benefits Thumbnail

Form 1310: Definition, Filing Process, and Benefits

Abi Bus

Wasting Asset: Definition, Examples, Strategies, and Financial Implications Thumbnail

Wasting Asset: Definition, Examples, Strategies, and Financial Implications

Dan Agbo

Page 21 of 36

Previous1920212223Next

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.