The IRS has processed more than 140 million individual income tax returns as the filing season closes.
But most Americans probably don’t know what the IRS does or how a return even comes to be. To most people, the IRS is just seen as a theoretical entity that might cause trouble when filing their taxes.
How is that? What does the IRS do? They can enforce tax laws and ensure every citizen contributes to the national budget.
Here’s a list of things the IRS does for the American people.
What Does the IRS Do: An Overview
The IRS is the government agency responsible for collecting taxes and enforcing tax laws. The IRS collects taxes from individuals, businesses, and organizations. The IRS also enforces tax laws, such as administering audits and issuing penalties.
The IRS is divided into four major divisions:
- Wage and Investment Division
- Small Business/Self-Employed Division
- Large Business and International Division
- Tax-Exempt and Government Entities Division
The IRS collects taxes from individuals, businesses, and estates. The IRS also enforces tax laws and administers the tax code.
The History of the IRS
The IRS is responsible for collecting taxes and enforcing tax laws. The agency also administers tax laws and guides taxpayers. The IRS is headquartered in Washington, D.C., and has more than 80,000 employees.
The IRS collects taxes from individuals, businesses, and organizations. The agency also audits taxpayers to ensure they are complying with tax laws. The agency was established in 1862, during the Civil War, to help finance the war effort.
How the IRS Operates
The IRS is the primary tax collection agency for the federal government. The IRS is responsible for collecting taxes and enforcing tax laws. The IRS also administers the federal government’s tax laws.
The IRS operates through field offices, service centers, and taxpayer assistance centers. Additionally, if you received the certified mail from IRS, you need to take an action.
Recent Developments at the IRS
In recent years, the IRS has been embroiled in several controversies, including allegations of political bias and improper targeting of certain groups. However, the agency’s primary mission is to collect taxes and enforce the tax laws.
The IRS also assists taxpayers and helps administer several essential government programs. In the wake of the recent developments at the agency, the IRS will likely be under increased scrutiny in the coming years.
The Future of the IRS
What does the IRS do? The IRS’s reputation has been damaged recently due to various controversies. The agency has consequently undergone extensive review and numerous modifications.
Looking to the future, it is clear that the IRS will need to adapt to a changing landscape. With the ever-growing popularity of electronic filing and online payments, the IRS must ensure that it uses the latest technology to help taxpayers. Additionally, the IRS must find ways to combat tax evasion and fraud, which costs the government billions of dollars each year.
To read more on topics like this, check out the Finances category