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 ?
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.
According to Internal Revenue Service announcement 96-88, the IRS will waive the Internal Revenue Code section 6722 penalty assessed providers of information returns who fail to include their telephone numbers on 1996 forms W-2G, 1098, 1099 and 8308.
The bill, which President Clinton has promised to sign, gives taxpayers several new tools to defend themselves in tiffs with the Internal Revenue Service.
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.
On behalf of Tax Executives Institute, I am writing to urge you to ensure that the Internal Revenue Service receives the funds and other support it needs to effectively administer our country's tax laws and to appoint a new Commissioner as soon as possible in order to most effectively address the challenges now facing the IRS.
In private letter ruling 9623003, the Internal Revenue Service said a corporation adopted the current expense method by attaching a statement to its return and elected the deferred expense method for only one project.
In what has become an annual tradition, dozens of volunteers and Internal Revenue Service employees will labor down to the wire until midnight Monday against the onslaught of 11th-hour tax emergencies.
Director, Appeals, LBSP for the Internal Revenue Service, for his generous time and valuable input in the development of this article.
The Internal Revenue Service said it was considering recommendations made by CPA practitioners as it revised its worker classification training guidelines.
The pleas stem from charges that Gilson failed to report a bulk of the money he and his companies kept to the Internal Revenue Service, resulting in $610,000 in unpaid corporate and personal taxes, officials said.
SYS provided e-learning and training solutions, in conjunction with Unisys, for the Internal Revenue Service through the TIPSS-2 contract.
Dorgan and Ben Nighthorse Campbell, the chairman and ranking member, respectively, of the Subcommittee on Treasury and General Government of the Senate Appropriations Committee, concerning the appropriations of the Internal Revenue Service for the fiscal year 2003.

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