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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).

IRS Publication 517: Tax Insights for Religious Workers Thumbnail

IRS Publication 517: Tax Insights for Religious Workers

SuperMoney Team

IRS Publication 538: Understanding Accounting Methods & Periods Thumbnail

IRS Publication 538: Understanding Accounting Methods & Periods

Alessandra Nicole

IRS Publication 15: Understanding Employer Tax Obligations, Compliance, and Procedures Thumbnail

IRS Publication 15: Understanding Employer Tax Obligations, Compliance, and Procedures

Alessandra Nicole

IRS Publication 561: Valuation Demystified with Examples Thumbnail

IRS Publication 561: Valuation Demystified with Examples

Silas Bamigbola

IRS Publication 544: Definition, Filing Requirements, and Exclusions Thumbnail

IRS Publication 544: Definition, Filing Requirements, and Exclusions

Dan Agbo

Rental Property Taxation: Understanding IRS Publication 527, Examples, and Guidelines Thumbnail

Rental Property Taxation: Understanding IRS Publication 527, Examples, and Guidelines

Alessandra Nicole

What is IRS Publication 15-A? Explained: Employer's Tax Guide Supplement, Classification, and Compliance Thumbnail

What is IRS Publication 15-A? Explained: Employer's Tax Guide Supplement, Classification, and Compliance

Alessandra Nicole

What Are Miscellaneous Deductions? Insights, Examples, and Pros & Cons Thumbnail

What Are Miscellaneous Deductions? Insights, Examples, and Pros & Cons

Abi Bus

Non-Taxable Distributions: Understanding, Impact, and Reporting Thumbnail

Non-Taxable Distributions: Understanding, Impact, and Reporting

Alessandra Nicole

Office Audits: Understanding the Process, Procedures, and Implications in Tax Compliance Thumbnail

Office Audits: Understanding the Process, Procedures, and Implications in Tax Compliance

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.