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).

A Guide to Depreciation and How It’s Calculated Thumbnail

A Guide to Depreciation and How It’s Calculated

Allan Du

Term Certain Method: What It Is, How to Calculate Thumbnail

Term Certain Method: What It Is, How to Calculate

SuperMoney Team

Form 1099-B: What It Is, How to File, and Key Examples Thumbnail

Form 1099-B: What It Is, How to File, and Key Examples

Silas Bamigbola

Depreciation Recapture: Definition, Calculation, and Examples Thumbnail

Depreciation Recapture: Definition, Calculation, and Examples

Silas Bamigbola

Grantor Trust Tax Rules: How They Work, Benefits, and Examples Thumbnail

Grantor Trust Tax Rules: How They Work, Benefits, and Examples

Silas Bamigbola

Regulated Investment Companies (RICs): Explained, Advantages, and Real-world Examples Thumbnail

Regulated Investment Companies (RICs): Explained, Advantages, and Real-world Examples

Silas Bamigbola

Nonelective Contributions: How It Works, Pros and Cons, and Examples Thumbnail

Nonelective Contributions: How It Works, Pros and Cons, and Examples

SuperMoney Team

Optimizing Tax Efficiency: A Comprehensive Guide to Form 1120-S for S Corporations Thumbnail

Optimizing Tax Efficiency: A Comprehensive Guide to Form 1120-S for S Corporations

Silas Bamigbola

Depreciable Property: Definition, Methods, and Real-world Examples Thumbnail

Depreciable Property: Definition, Methods, and Real-world Examples

SuperMoney Team

Half-Year Convention for Depreciation: Explained, Examples, and Benefits Thumbnail

Half-Year Convention for Depreciation: Explained, Examples, and Benefits

SuperMoney Team

Page 5 of 36

Previous34567Next

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.