Internal Revenue Service

Overview

The Internal Revenue Service, or IRS, is a division of the US Treasury Department that specializes in federal taxes. Specifically, the IRS enforces what is known as the Internal Revenue Code, collects taxes, and enforces tax laws.

1440 Findings

Hours of research by our editors, distilled into minutes of clarity.

  • America's most misunderstood dollar

    The $2 bill isn’t rare; it’s just hiding. First printed in 1862, stopped in 1966, and revived in 1976, there are still 1.6 billion in circulation. People just don’t spend them.

  • Read more about how the IRS is organized

    The Internal Revenue Service is led by a commissioner, who leads the IRS for a five-year term after being selected by the president of the United States. Under the commissioner, the IRS has multiple subdivisions that work on different tax groups, such as the Wage and Investment Division to handle individual wage earners.

  • From phone calls to property seizure, watch what happens if you commit tax evasion

    Tax Day is one of the most dreaded days for working Americans. The IRS responds differently to late filings and late payments. If you don't file at all, the IRS might freeze your assets.

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