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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).

What is Form 3922? Transfer of Stock Explained Thumbnail

What is Form 3922? Transfer of Stock Explained

Jamela Adam

Understanding the Required Beginning Date (RBD): Definition, Implications, and FAQs Thumbnail

Understanding the Required Beginning Date (RBD): Definition, Implications, and FAQs

Abi Bus

Qualifying Annuities: Definition, Benefits, and Examples Thumbnail

Qualifying Annuities: Definition, Benefits, and Examples

SuperMoney Team

IRS Publication 721: A Comprehensive Guide with Examples and Strategies Thumbnail

IRS Publication 721: A Comprehensive Guide with Examples and Strategies

Silas Bamigbola

Wash Sales Explained: Definition, Strategies, and Real-Life Scenarios Thumbnail

Wash Sales Explained: Definition, Strategies, and Real-Life Scenarios

SuperMoney Team

Health Savings Account HSA Custodians: Roles, Benefits, and Real-Life Examples Thumbnail

Health Savings Account HSA Custodians: Roles, Benefits, and Real-Life Examples

Silas Bamigbola

IRS Publication 575: Insights, Examples, and Best Practices Thumbnail

IRS Publication 575: Insights, Examples, and Best Practices

Silas Bamigbola

Payroll Deductions: Types, Examples, and Financial Insights Thumbnail

Payroll Deductions: Types, Examples, and Financial Insights

Silas Bamigbola

Indirect Rollover: Explained, Rules, and Practical Examples Thumbnail

Indirect Rollover: Explained, Rules, and Practical Examples

Silas Bamigbola

409A Plans: How They Work and Real-life Scenarios Thumbnail

409A Plans: How They Work and Real-life Scenarios

SuperMoney Team

Page 6 of 36

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Learn About Internal Revenue Service (IRS)

Thumbnail for Blog Article: CP501 Notice: What It Means and How to Handle It

CP501 Notice: What It Means and How to Handle It

SuperMoney Team

Thumbnail for Blog Article: CP267 Notice: What It Means and How to Resolve It

CP267 Notice: What It Means and How to Resolve It

SuperMoney Team

Thumbnail for Blog Article: IRS Letter 916C: Why Your Claim Was Rejected and What to Do

IRS Letter 916C: Why Your Claim Was Rejected and What to Do

Silas Bamigbola

Thumbnail for Blog Article: IRS Letter 2644C: What It Means and Whether to Respond

IRS Letter 2644C: What It Means and Whether to Respond

SuperMoney Team

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

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.