Internal Revenue Service

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Internal Revenue Service (IRS)

The federal agency responsible for the collection of federal taxes, including personal and corporate income taxes, Social Security taxes, and excise and gift taxes.

Internal Revenue Service

The tax collection agency for the United States government. It is responsible for collecting all federal taxes derived from sources other than tariffs and associated fees. Nearly half of its revenues comes from taxes on personal incomes, with much of the rest coming from corporate taxes and employment taxes. The IRS has the ability to place and enforce liens on property and other assets for nonpayment of taxes. The activities of the IRS fund (many of) the functions of the American government. It is not responsible for collection of state and local taxes. See also: Notice of seizure.

Internal Revenue Service (IRS)

The agency of the U.S. Treasury Department that administers the Internal Revenue Code.

Internal Revenue Service (IRS)

the United States equivalent of the British INLAND REVENUE which is responsible for assessing and collecting taxes.

Internal Revenue Service (IRS)

A bureau within the United States Department of the Treasury,the IRS is charged with the responsibility of collecting the taxes imposed by Congress.In furtherance of that responsibility,it provides a wealth of resources to assist law-abiding persons in understanding and complying with the complicated tax laws of the country.An excellent search engine at the IRS Web site, www.irs.gov, gives access to thousands of online publications,forms,instructions,and even internal IRS manuals.

Internal Revenue Service (IRS)

The division of the U.S. Treasury Department responsible for collecting taxes.
References in periodicals archive ?
As of the end of the third quarter, the company's refund claims for Value Added Tax (VAT) amount to about P264 million on gold sold to the Philippines Central Bank which is under litigation and P252 million on direct exports which are subject only to administrative review of the Bureau of Internal Revenue.
That is why we are pursuing this Bangsamoro Basic Law because we believe that we will save more if there s peace and we will generate more if there s peace, underscored Bureau of Internal Revenue (BIR) Commissioner Kim Jacinto-Henares during Tuesday s hearing of the Ad Hoc Committee on the Bangsamoro at the House of Representatives.
Manila A senator and a congressman joined the corner of fellow lawmaker Manny Pacquiao and criticised the Bureau of Internal Revenue (BIR) for allegedly portraying the world boxing icon as a tax evader.
To date, Benguet has accumulated claims for Value-Added Tax (VAT) credits with the Bureau of Internal Revenue (BIR) in the amount of P457 million.
The bill provides that the Bureau of Internal Revenue (BIR) shall, upon request by an individual taxpayer, refund to the said taxpayer the amount not exceeding 50 percent of the tax he has paid for the immediately preceding taxable year or P50 million, whichever is lower, as rebates for the taxpayer's purchase of renewable energy devices or components thereof such as but not limited to the following:
The Philippines Bureau of Internal Revenue however is yet to extend HFP any similar relief.
Commissioner of the Bureau of Internal Revenue Kim Henares said the said regulation is central to the government s anti-smuggling strategy concerning tobacco products, as the stamps serve as effective tracking and audit measures ensuring due excise taxes have been paid for each product.
The Bureau of Internal Revenue (BIR) posted collections amounting to 10.
The Bureau of Internal Revenue (BIR) is reminding the business, banking and financial sectors that only bank deposits and government securities are subject to the provisions of the bank secrecy law.
Any engagement shall be duly cleared by the Bureau of Internal Revenue to ensure its capability to accurately calculate and account for the appropriate taxes on relevant coupon period across tax categories.

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