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 ?
Numerous other countries are actively involved in exploring the relevance of XBRL to their administrations, including the U.S. Internal Revenue Service, the Australian Tax Office, and New Zealand Inland Revenue.
This year, the U.S. Internal Revenue Service filed two liens against Lohan, saying she owed roughly $250,000 in back taxes for the years 2009 and 2010, according to (http://www.forbes.com/sites/kellyphillipserb/2012/11/25/free-money-charlie-sheen-helps-lindsay-lohan-pay-off-tax-bill/) Forbes .
And rappers Xzibit, Method Man and Lil' Kim have also run into trouble with the U.S. Internal Revenue Service (IRS).
Department of Defense standard DoD 5015.2-STD, which prescribes requirements pertaining to records management software applications; and the U.S. Internal Revenue Service's Revenue Procedure 98-25, which imposes certain long-term data retention requirements on corporate taxpayers.
John Mikutowicz, 51, of Mashpee, Mass, was convicted of illegally sheltering more than US$1 million of income in the Turks and Caicos Islands, the U.S. Internal Revenue Service, said July 1.
A software company claimed that a programmer, reported to the U.S. Internal Revenue Service as an independent contractor, was doing "work made for hire." The court stated that if an individual is an independent contractor for tax purposes, then the person is also an independent contractor for copyright purposes -- and thus retains ownership of his or her copyright to materials produced while working for a company.
(1) For background purposes, we attach copies of the comments we have provided to the U.S. Internal Revenue Service.
The sessions also will review revised forms, new codes, and new instructions recently issued by the U.S. Internal Revenue Service .
Its last comment was in April, after Common Cause brought suit with the U.S. Internal Revenue Service seeking to revoke its status as a nonprofit organization.
The U.S. Internal Revenue Service, healthcare organizations, student testing services, businesses conducting global surveys, and companies interacting with a variety of individuals often must accept paper-based forms as a low-technology solution to obtaining data.
industries and highlights the serious threat money laundering causes to our financial system," said Richard Weber, chief of the U.S. Internal Revenue Service's criminal investigation division.

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