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 ?
Meanwhile, The Treasury Department denied the "Putin list" as a sanctions list.
He said that he has nothing additional to say about it beyond the statement of the Treasury Department .
The Treasury Department and the Federal Reserve extended $182.
The Treasury Department has also used punishments to pressure firms to cease doing business with Iran.
Th Wisconsin Project seemed somewhat exasperated considering that the Treasury Department had said when it blacklisted IRISL in September 2008 that it expected Iran to try to duck the blacklist by such tactics as renaming and pledged that it would pursue the vessels.
The delay in a decision is the result of the absence of senior personnel in the Treasury Department and the Obama administration's focus on the other parts of the economic recovery, according to lobbyists for CUNA and NAFCU.
Through the execution of accurately and quickly priced complex instruments within the derivatives market and by arming staff with one place to go for pricing and risk management information across multiple asset classes for all instrument types, treasury departments increase performance and profitability.
Solomon has taken seriously his role as a representative of the Treasury Department, speaking at numerous TEI meetings.
Treasury Department, the Federal Reserve Board of Governors and the Federal Trade Commission to jointly implement standards and guidelines, it defers enforcement to each industry's "functional regulator.
The Treasury Department has even started to pick favorites among religions.
Treasury Department, which would then pass them along to Congress.

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