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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).

Federal Tax Brackets: What They Are, How They Work, and FAQs Thumbnail

Federal Tax Brackets: What They Are, How They Work, and FAQs

Abi Bus

Blanket Liens: Definition, Examples, and Pros and Cons Thumbnail

Blanket Liens: Definition, Examples, and Pros and Cons

SuperMoney Team

Disaster Loss: Understanding, Claiming, and Examples Thumbnail

Disaster Loss: Understanding, Claiming, and Examples

Silas Bamigbola

Understanding the Continuity of Interest Doctrine: Definition, Application, and Tax Implications Thumbnail

Understanding the Continuity of Interest Doctrine: Definition, Application, and Tax Implications

Abi Bus

IRS Publication 552: Definition, How It Works, and Best Practices Thumbnail

IRS Publication 552: Definition, How It Works, and Best Practices

SuperMoney Team

IRS Publication 5: Definition, How It Works, and Examples Thumbnail

IRS Publication 5: Definition, How It Works, and Examples

SuperMoney Team

Bank Levy: Understanding the UK Taxation System and Legal Actions for Debt Recovery Thumbnail

Bank Levy: Understanding the UK Taxation System and Legal Actions for Debt Recovery

Abi Bus

Deficiency Judgments: Its Meaning and How to Navigate Them Thumbnail

Deficiency Judgments: Its Meaning and How to Navigate Them

Rasana Panibe

Notice of Deficiency: Definition, Impact, and Your Options Thumbnail

Notice of Deficiency: Definition, Impact, and Your Options

Silas Bamigbola

A Guide to Employer Identification Number (EIN): What You Need to Know Thumbnail

A Guide to Employer Identification Number (EIN): What You Need to Know

SuperMoney Team

Page 9 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

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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.