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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).

Multiple Support Agreements: Definition, Strategies, and Real-Life Scenarios Thumbnail

Multiple Support Agreements: Definition, Strategies, and Real-Life Scenarios

Silas Bamigbola

Schedule D: Definition, Taxation, and Examples Thumbnail

Schedule D: Definition, Taxation, and Examples

Alessandra Nicole

Form 6252: Insights, Examples, and Benefits Thumbnail

Form 6252: Insights, Examples, and Benefits

SuperMoney Team

Form 211: Rewards, Risks, and Real-World Success Stories Thumbnail

Form 211: Rewards, Risks, and Real-World Success Stories

SuperMoney Team

IRS Form 720: What Is It & Who Is Required To File? Thumbnail

IRS Form 720: What Is It & Who Is Required To File?

Emma Dillon

Principal Place of Business: Definition, Tax Implications, and Real-World Examples Thumbnail

Principal Place of Business: Definition, Tax Implications, and Real-World Examples

Silas Bamigbola

Short Tax Year: Definition, Implications, and Reporting Guidelines Thumbnail

Short Tax Year: Definition, Implications, and Reporting Guidelines

Alessandra Nicole

Substantially Identical Securities: Definition, Implications, and Strategies Thumbnail

Substantially Identical Securities: Definition, Implications, and Strategies

Alessandra Nicole

Loss Disallowance Rule (LDR): Understanding, Impact, and Strategies Thumbnail

Loss Disallowance Rule (LDR): Understanding, Impact, and Strategies

Silas Bamigbola

What is Tax Court? Overview & Functionality Thumbnail

What is Tax Court? Overview & Functionality

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.