Internal Revenue Service


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.

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 ?
Ensuring Effective Oversight of the Internal Revenue Service
The principal function of the oversight board should be to oversee the Internal Revenue Service in the administration, management, conduct, direction, and supervision of the execution and application of the internal revenue laws, related statutes, and tax conventions to which the United States is a party.
A direct outgrowth of the Watergate scandal and Nixon Administration's attempt to subvert the Internal Revenue Service in the 1970s, section 6103 was motivated by congressional concern that the disclosure of private information by the IRS "would seriously impair the effectiveness of our country's very successful voluntary assessment system, which is a mainstay of the Federal tax system.
For purposes of paragraph (1), the term `qualified individual' means any individual (other than an attorney) who is authorized to practice before the Internal Revenue Service.
Neither the Western Region nor the Internal Revenue Service have specific guidelines regarding a family limited partnership as a legitimate (or abusive) gift tax planning technique.
CONTACT: Marty Hosimer of the Internal Revenue Service, 602-207-8488/
Prior to Deloitte, she held various management positions in the Internal Revenue Service National Office of the Office of the Chief Counsel in Washington, DC.
Certain other items in the Administration's proposals, although designed to further laudable social objectives, may present administrative challenges for the Internal Revenue Service and impose significant additional compliance burdens on taxpayers.
The General Accounting Office issued a report on the management practices of the Internal Revenue Service and how they can be improved.
The CPA is not obligated to inform the Internal Revenue Service, and the CPA may not do so without the client's permission, except where required by law.
Volunteer tax preparers at the Internal Revenue Service office in Oxnard say wild-eyed clutterers who haven't paid taxes in two years wander in just before the midnight filing deadline with boxes of unorganized records.
There is someone at the Internal Revenue Service to help you.

Full browser ?