All You Need To Know About The Department Of Treasury Internal Revenue Service (Irs)
Seal of the United States Department of the Treasury.svg Irs taxes from www.pinterest.com Introduction The Department of Treasury Internal Revenue Service (IRS) is one of the most important government agencies in the United States. It is responsible for collecting taxes from citizens and businesses, processing tax returns, and enforcing tax laws. It is responsible for implementing the laws passed by Congress, including the implementation of new taxes and the enforcement of existing taxes. The IRS is often referred to as “the tax man” or “the tax collector” and is a major part of the federal government’s revenue collection. In this article, we’ll take a look at the history, organization, and mission of the IRS. History of the IRS The IRS was founded in 1862 as part of the Revenue Act of 1862, which was passed by the United States Congress. The main purpose of the act was to collect taxes to finance the Civil War. The agency was initially known as the Bureau of Internal Revenue and w...