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 ?
Therefore, as of this date, all cigarettes in the production and storage facilities as well as in the domestic market must bear the required internal revenue stamps," BIR said.
Hospital B's recruitment package includes reimbursement for moving expenses (to the extent allowed by the Internal Revenue Code), reimbursement for professional liability tail coverage for the physician's former practice, and a three-year private practice income guarantee that falls within the range reflected in regional and national surveys regarding the income earned by physicians in the same specialty.
The retirement fund fails to be in substantial compliance with the Internal Revenue Code and the debtor is not materially responsible for that failure
Written requests to inspect or to obtain a copy of Form 5500-EZ should be sent to Internal Revenue Service Center, PO Box 9941, Stop 6716, Ogden, UT 84409.
In a formal complaint filed with the Internal Revenue Service Oct.
Section 277 of the Internal Revenue Code was enacted specifically to be applied to: " .
As the business name was one of the assets acquired, as of January 1, 2007 Rockland Trust has established a wholly-owned subsidiary named Compass Exchange Advisors LLC to offer qualified intermediary, like-kind exchange services pursuant to Internal Revenue Code u1031 to corporate, institutional, and individual property owners.
Section 511 of the bill resurrects prior proposals to superimpose an "economic substance" test on top of the Internal Revenue Code's substantive provisions.
On November 25, 2002, the Internal Revenue Service released revenue ruling 2002-83 in Internal Revenue Bulletin (IRB) 2002-49.
That beneficial tax status might be lost, and Patriot might be taxed as a corporation, if it were deemed to be a "publicly traded partnership" within the meaning of the Internal Revenue Code and certain regulations promulgated by the Internal Revenue Service.

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