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Frequently Asked Questions

What is the main job of the Internal Revenue Service?

The Internal Revenue Service, also known as the IRS, is an agency responsible for interpretation and application of the internal revenue laws. It is in charge of collecting income taxes from working residents and establishments. The Internal Revenue Service is part of the United States Department of the Treasury.

What does Internal Revenue Service stand for?

The Internal Revenue Service (IRS) is a U.S. government agency responsible for the collection of taxes and enforcement of tax laws (such as the wash sale rule ).

What does Internal Revenue Service mean?

Internal Revenue Service. IRS stands for the Internal Revenue Service of the United States Government. It is responsible for collecting taxes in the United States. The IRS is a bureau of the Department of the Treasury and under the direction of the Commissioner of Internal Revenue.

What can the Internal Revenue Service (IRS) do?

The IRS is responsible for collecting taxes and administering the Internal Revenue Code, the main body of federal statutory tax law of the United States. The duties of the IRS include providing tax assistance to taxpayers and pursuing and resolving instances of erroneous or fraudulent tax filings.

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