What is the Internal Revenue Service (IRS)?
The Internal Revenue Service is a Federal agency that operates within the United States of America that is under the jurisdiction of the Department of Treasury; the Internal Revenue Service is responsible for the jurisdiction over the collection and levying of Federal taxes, which are prorated as per the amount of income earned by citizens of the United States of America. On an annual basis – within the month of April – every American citizen who has earned income through wage based employment or participation in government programs is required to file their respective taxes with the IRS:
Internal Revenue Service Quick Facts
The following details outline the administration of the Internal Revenue Service:
The Internal Revenue Service was founded in 1862 under the name ‘Commission of Internal Revenue’; in 1918, this government agency was renamed ‘The Internal Revenue Service (IRS)’
The headquarters of the Internal Revenue Service are located in Washington D.C.
The head of the Internal Revenue Service is Douglas H. Shulman, who is identified as the Commissioner of Internal Revenue
The IRS as a Government Agency of the Executive Branch
Government agencies are defined as organizations, councils, and offices operating under the jurisdiction of the Federal Government of the United States of America; each federal agency retains specific administrative jurisdiction over specific facets latent within the operations of the United States Government.
The Internal Revenue Service (IRS) vs. The Department of Taxation
The Department of Taxation is a branch of state government that exists within each of the 50 United States – a classification that precludes it from existing as a government agency. This branch – to which can also be referred as the Department of Finance – is primarily responsible for the management, regulation, and enforcement of all legislature with regard to financial code and monetary administration that occurs on a State level; in contrast, the Internal Revenue Service (IRS) is a Federal agency responsible for the collection and regulation process with regard to Federal taxation.
Internal Revenue Service (IRS) Associated Terms
The following terms and terminology are oftentimes associated with the operations and undertakings of the Internal Revenue Service (IRS):
Income Tax is a financial and procedural instrument that levies the fulfillment of required taxation in correlation with an individual’s earned income from labor – smaller amounts of earned income will be apportioned in accordance with the gross amount of income.
Internal Revenue Service Legality
Administrative Law is the legal field associated with events and circumstances in which the Federal Government of the United States engages its citizens, including the administration of government programs, the administration and operation of government agencies, and the establishment of a legal, regulatory federal standard. The Internal Revenue Service can be contacted through their toll-free telephone number: (800) 829-1040