Internal Revenue Service


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Internal Revenue Service

(IRS), division of the U.S. Treasury Dept. that is responsible for the assessment and collection of most federal taxes, except those relating to alcohol, tobacco, firearms, and explosives. Established in 1862, the IRS derives most of its revenues from the collection of corporate and individual income taxincome tax,
assessment levied upon individual or corporate incomes. Although personal incomes were occasionally taxed in medieval Italian cities, the income tax is essentially a modern form of taxation.
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References in periodicals archive ?
TEI believes that the complexity of current law is a primary impediment to the effective operation of the tax system and the efficient management of the Internal Revenue Service.
As previously explained, Tax Executives Institute supports the Restructuring Commission's efforts to bring continuity, accountability, and expertise to the management and oversight of the Internal Revenue Service.
In the tax returns they file annually with the Internal Revenue Service, U.
The new rules apply to tax professionals eligible to practice before the Internal Revenue Service.
Follow-up letter on proposed revenue procedure, filed with the Internal Revenue Service (10/15/03).
In any noncriminal proceeding before the Internal Revenue Service, the taxpayer shah be entitled to the same common law protections of confidentiality with respect to tax advice furnished by any qualified individual (in a manner consistent with State law for such individual's profession) as the taxpayer would have if such individual were an attorney.
For disaster kits and forms taxpayers can call the Internal Revenue Service at (800) 829-3676.
Those wishing additional information can contact their local Internal Revenue Service office.
According to Internal Revenue Service informational release 97-6, parents in the process of a domestic adoption need only write "U.
IRS response: The Internal Revenue Service has not acquiesced to this gift planning technique.
PHOENIX, April 20 /PRNewswire/ -- The Taxpayer Bill of Rights extends and clarifies taxpayers' rights when dealing with the Internal Revenue Service, an agency spokesperson said today.
Kelly's extensive background in corporate taxation strategy, her expertise in the like-kind exchange industry, and her years with the Internal Revenue Service nicely augment the company's already impressive capabilities in the 1031 sector," said Michael Halloran, Chief Executive Officer of NES.

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