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Internal Revenue Service

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.04 sec.
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 (IRS)
The agency of the U.S. Treasury Department that administers the Internal Revenue Code.
Internal Revenue Service
More commonly called the IRS. 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 come 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 division of the U.S. Treasury Department responsible for collecting taxes.


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After comments from the A[CPA about the burden imposed on tax practitioners, the Internal Revenue Service has released a statement clarifying the Form 1040, Schedule D instructions involving capital gains transaction reporting.
AICPA convinces IRS to revise Schedule D reporting by CPA Letter
On behalf of Tax Executives Institute, I am writing to urge you to ensure that the Internal Revenue Service receives the funds it needs to effectively administer this country's tax laws.
The need for IRS funding: January 11, 2002 by Tax Executive
Sylvia Johnson was dismissed from the Internal Revenue Service after the agency found she had improperly accessed the personal returns of taxpayers 476 times.
Sylvia Johnson by Oliver, Charles / Reason
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