About Internal Revenue Service
The Internal Revenue Service (IRS) is a government agency responsible for collecting taxes and enforcing tax laws in the United States. The IRS was established in 1862, and since then, it has been playing a crucial role in ensuring that taxpayers comply with federal tax laws.
One of the primary functions of the IRS is to collect taxes from individuals and businesses. The agency collects various types of taxes, including income tax, employment tax, excise tax, estate and gift tax, and many others. To ensure that taxpayers pay their fair share of taxes, the IRS conducts audits and investigations to identify non-compliance with federal tax laws.
Apart from collecting taxes, the IRS also provides various services to taxpayers. For instance, if you have questions about your federal taxes or need help filling out your forms correctly, you can contact the IRS for assistance. Additionally, if you are entitled to a refund after filing your taxes but haven't received it yet or want to check its status online or by phone.
The IRS website offers an extensive range of resources for taxpayers who want to learn more about their federal tax responsibilities. You can find answers to frequently asked questions on topics such as deductions and credits available on your return; how much money should be withheld from each paycheck; how long do I have before my return is due? And many more.
Moreover, there are several tools available on the website that can help make filing your taxes easier than ever before. For example: Taxpayers can use Free File software provided by private companies working with the government which allows them file their returns electronically at no cost; Get Transcript service allows users access transcripts online or by mail showing most line items including adjusted gross income (AGI) from specific years; Where's My Refund tool helps track refunds once they've been processed so people know when they'll receive them back into their bank accounts.
In conclusion: The Internal Revenue Service plays an essential role in ensuring that individuals and businesses comply with federal tax laws while providing valuable resources for those who need assistance understanding these complex regulations better. With its vast array of services available online or through phone support lines staffed by knowledgeable professionals ready answer any question related taxation issues - there's no reason not take advantage today!