ALL0-9ABCDEFGHIJKLMNOPQRSTUVWXYZ
Share This
Share
« Back to Glossary Index
Categories: General Tax Terms

Internal Revenue Service (IRS)

The Internal Revenue Service (IRS) is the U.S. government agency responsible for the administration and enforcement of federal tax laws. It is part of the Department of the Treasury and oversees the collection of taxes, issuance of tax refunds, and enforcement of tax regulations. The IRS also provides taxpayer assistance and guidance on tax-related issues.

The IRS administers various tax codes, including individual income tax, corporate income tax, payroll taxes, estate taxes, and excise taxes. It conducts audits, investigates tax fraud, and ensures compliance with tax obligations. Taxpayers can access IRS services online, by phone, or in person, and can find resources such as forms, publications, and guidelines for filing their taxes.

Related Articles:
  • IRS Representation: Essential Tips
    IRS representation provides expert advocacy for taxpayers facing IRS issues. Discover how professional representatives, including attorneys, CPAs, and enrolled agents, help manage audits and negotiate with the IRS to ensure a favorable outcome.
  • Glossary: Tax Year
    Tax Year: That special time when you gather your receipts and dive into numbers! It's a 12-month adventure of earning, spending, and reporting—celebrate your financial journey!
  • Glossary: Employer Identification Number (EIN)
    An Employer Identification Number (EIN) is like a social security number for your business! It's your unique ID for tax purposes, making sure your company shines in the financial world!
  • Glossary: Taxpayer Advocate Service (TAS)
    Taxpayer Advocate Service (TAS) is your friendly IRS ally! They help taxpayers navigate issues, ensuring your voice is heard and your tax worries are eased.
  • Glossary: Taxpayer Identification Number (TIN)
    Taxpayer Identification Number (TIN): Your unique financial ID! It’s like a secret handshake with the IRS, making tax time smoother and keeping your money matters in check.
« Back to Glossary Index