What does IRS mean?

Definitions for IRS
irs

This dictionary definitions page includes all the possible meanings, example usage and translations of the word IRS.

Princeton's WordNet

  1. Internal Revenue Service, IRSnoun

    the bureau of the Treasury Department responsible for tax collections

Wikipedia

  1. irs

    The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The duties of the IRS include providing tax assistance to taxpayers; pursuing and resolving instances of erroneous or fraudulent tax filings; and overseeing various benefits programs, including the Affordable Care Act. The IRS originates from the Commissioner of Internal Revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure provided over a fifth of the Union's war expenses before being allowed to expire a decade later. In 1913, the Sixteenth Amendment to the U.S. Constitution was ratified authorizing Congress to impose a tax on income, and the Bureau of Internal Revenue was established. In 1953, the agency was renamed the Internal Revenue Service, and in subsequent decades underwent numerous reforms and reorganizations, most significantly in the 1990s. Since its establishment, the IRS has been responsible for collecting most of the revenue needed to fund the federal government, albeit while facing periodic controversy and opposition over its methods, constitutionality, and the principle of taxation generally. In recent years the agency has struggled with budget cuts and reduced morale. As of 2018, it saw a 15 percent reduction in its workforce, including a decline of more than 25 percent of its enforcement staff. Nevertheless, during the 2017 fiscal year, the agency processed more than 245 million tax returns.

ChatGPT

  1. irs

    The IRS, short for the Internal Revenue Service, is the U.S. government agency responsible for the collection of taxes and enforcement of tax laws. Established in 1862 by President Lincoln, the IRS is a bureau within the Department of the Treasury. Its responsibilities also involve interpreting and implementing the internal revenue code, distributing tax refunds, and overseeing various benefits programs.

Suggested Resources

  1. irs

    Song lyrics by irs -- Explore a large variety of song lyrics performed by irs on the Lyrics.com website.

  2. IRS

    What does IRS stand for? -- Explore the various meanings for the IRS acronym on the Abbreviations.com website.

Matched Categories

Anagrams for IRS »

  1. ISR

  2. RSI

  3. SIR

  4. Sir

  5. sir

How to pronounce IRS?

How to say IRS in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of IRS in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of IRS in Pythagorean Numerology is: 1

Examples of IRS in a Sentence

  1. Rick Harbaugh of the Albuquerque:

    Most people, when they apply for a 501(c) (4) status, they receive the designation within a few months, the IRS reviews the information and makes a determination. With us, they are still making a determination on documents we sent them 2 or 3 years ago. We have sent them well over 1,000 pages of information that they have requested. This is outrageous.

  2. Jean Baran:

    I do n’t believe The IRS has applied the statute in the way advocated by Turley, i am unaware of any church, including an evangelical church, in which a candidate has spoken being subject to revocation of tax-exempt status.Turley does not cite an example.

  3. Fox News:

    On the very first day, we'll repeal the 87,000 new IRS agents because we think the government should be there to help you, not to go after you.

  4. House Democratic Caucus:

    House Republicans very first bill will repeal the 87,000 IRS agents because your government should be here to help you not to go after you, that's a difference with a new majority.

  5. Ohio Republican Rep. Jim Jordan:

    I'm telling the truth. Look, I stood up to the speaker of the house in my home state, i stood up to the IRS. To think I would not stand up for my athletes is ridiculous. Thank you.

Popularity rank by frequency of use

IRS#1#8520#10000

Translations for IRS

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"IRS." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/IRS>.

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