Internal Revenue Service (IRS)
The Internal Revenue Service (IRS) is the federal agency responsible for collecting taxes and enforcing the Internal Revenue Code (IRC). The IRS is a bureau of the Department of the Treasury and is under the immediate direction of the Commissioner of Internal Revenue. The IRS is responsible for administering, assessing, and collecting taxes from individuals and businesses. It also oversees the filing of tax returns, audits taxpayers, and enforces the IRC. The IRS is also responsible for providing taxpayers with information and assistance on filing their taxes.
History of the Internal Revenue Service
The Internal Revenue Service was established in 1862 by President Abraham Lincoln to help fund the Civil War. The agency was initially part of the Department of the Treasury, but was later moved to the Department of Justice in 1868. In 1953, the IRS was moved back to the Department of the Treasury. Since then, the IRS has grown to become one of the largest and most powerful federal agencies in the United States.
The IRS is responsible for administering the federal tax system, which includes collecting taxes, enforcing the IRC, and providing taxpayers with information and assistance. The IRS also oversees the filing of tax returns, audits taxpayers, and enforces the IRC. The IRS is also responsible for providing taxpayers with information and assistance on filing their taxes.
Comparison Table
| Year | Number of Taxpayers | Number of Returns Filed | Total Tax Collected |
|---|---|---|---|
| 2020 | 150 million | 200 million | $3.5 trillion |
| 2019 | 145 million | 195 million | $3.4 trillion |
| 2018 | 140 million | 190 million | $3.3 trillion |
Summary
The Internal Revenue Service (IRS) is the federal agency responsible for collecting taxes and enforcing the Internal Revenue Code (IRC). The IRS is a bureau of the Department of the Treasury and is under the immediate direction of the Commissioner of Internal Revenue. The IRS is responsible for administering, assessing, and collecting taxes from individuals and businesses. It also oversees the filing of tax returns, audits taxpayers, and enforces the IRC. The IRS was established in 1862 and has grown to become one of the largest and most powerful federal agencies in the United States.
For more information about the Internal Revenue Service, visit the IRS website at https://www.irs.gov/. You can also find more information about taxes and filing your taxes on the IRS website.
See Also
- Taxation
- Tax Return
- Taxpayer
- Tax Credit
- Tax Deduction
- Tax Evasion
- Tax Refund
- Tax Liability
- Tax Rate
- Tax Law
