Definition, Meaning & Synonyms
irs
abbreviation
ˌaɪˌɑrˈɛs
Definition
The IRS, or Internal Revenue Service, is the U.S. government agency responsible for the collection of taxes and enforcement of tax laws.
Examples
- The IRS requires every citizen to file an annual tax return.
- Filing your taxes late may incur penalties from the IRS.
- The IRS has resources to help taxpayers understand their obligations.
Meaning
The IRS plays a crucial role in managing federal revenue through the administration of the tax system.
Synonyms
- Internal Revenue Service
- Tax Agency
- Revenue Department
