Internal Revenue Service (IRS) is a vital federal agency that operates under the umbrella of the United States Department of the Treasury. IRS is chiefly responsible for the administration and enforcement of the internal revenue laws. This responsibility entails the collection of taxes, the main source of revenue for the federal government. It is IRS’s task to ensure that all individuals, organizations, and businesses comply with the United States’ tax laws.
IRS undertakes a wide array of duties including processing tax returns, issuing tax refunds, and enforcing tax laws for the benefit of the country. It provides guidelines and regulations for income, corporate, excise and estate taxes, among others. For more information about IRS’s functions, tax-related inquiries, and available services, you can visit their official website at irs.gov. This resource provides a wealth of knowledge for anyone looking to understand more about the U.S tax system, tax obligations, and rights as a taxpayer.
