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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).

Reverse Morris Trusts: Definition, Examples, and Strategic Insights Thumbnail

Reverse Morris Trusts: Definition, Examples, and Strategic Insights

Silas Bamigbola

Crown Loans: Definition, Tax Implications, and Alternatives Thumbnail

Crown Loans: Definition, Tax Implications, and Alternatives

Silas Bamigbola

Relationship Test: Definition, Application, and Examples Thumbnail

Relationship Test: Definition, Application, and Examples

SuperMoney Team

Form 706-NA: Understanding Estate Tax Obligations for Non-Residents Thumbnail

Form 706-NA: Understanding Estate Tax Obligations for Non-Residents

Alessandra Nicole

Standard Mileage Rate: Understanding, Calculating, and Maximizing Deductions Thumbnail

Standard Mileage Rate: Understanding, Calculating, and Maximizing Deductions

SuperMoney Team

Alternative Fuels Tax Credit: Definition, Eligibility, and Implications Thumbnail

Alternative Fuels Tax Credit: Definition, Eligibility, and Implications

Alessandra Nicole

Field Audits: Types, Real-Life Examples, and Success Strategies Thumbnail

Field Audits: Types, Real-Life Examples, and Success Strategies

SuperMoney Team

Household Employment: Definition, Tax Insights, and Real-Life Examples Thumbnail

Household Employment: Definition, Tax Insights, and Real-Life Examples

SuperMoney Team

Form 2848: Empowering Taxpayers and Representatives Thumbnail

Form 2848: Empowering Taxpayers and Representatives

SuperMoney Team

Form 8282: Definition, Process, and Examples Thumbnail

Form 8282: Definition, Process, and Examples

SuperMoney Team

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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

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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.