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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 CP88 Notice - What Is It And How Should You Respond? Thumbnail

IRS CP88 Notice - What Is It And How Should You Respond?

Denicki Holcomb

Unstated Interest Paid: Calculation and Tax Implications Thumbnail

Unstated Interest Paid: Calculation and Tax Implications

SuperMoney Team

Federal Telephone Excise Tax: Implementation and Impact Thumbnail

Federal Telephone Excise Tax: Implementation and Impact

SuperMoney Team

Form 8283: Noncash Charitable Contributions Thumbnail

Form 8283: Noncash Charitable Contributions

SuperMoney Team

Taxpayer Bill of Rights (TBOR) Thumbnail

Taxpayer Bill of Rights (TBOR)

SuperMoney Team

IRS Form 1078 Thumbnail

IRS Form 1078

SuperMoney Team

UBTI: Definition, Compliance, and Exemptions Thumbnail

UBTI: Definition, Compliance, and Exemptions

SuperMoney Team

IRS Publication 516: Understanding Taxation Abroad and Practical Examples Thumbnail

IRS Publication 516: Understanding Taxation Abroad and Practical Examples

Silas Bamigbola

Away from Home: Definition, Eligibility, and Tax Deductions Thumbnail

Away from Home: Definition, Eligibility, and Tax Deductions

Dan Agbo

Armed Forces' Tax Guide: Understanding Tax Benefits for Military Personnel Thumbnail

Armed Forces' Tax Guide: Understanding Tax Benefits for Military Personnel

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.