Entity: IRS
The IRS, short for Internal Revenue Service, is a government agency responsible for collecting taxes and enforcing tax laws in the United States. It plays a crucial role in funding government operations and ensuring compliance with tax regulations.
IRS
Etymology
The abbreviation IRS stands for Internal Revenue Service.
Definition
The IRS, or Internal Revenue Service, is a government agency in the United States responsible for collecting taxes and enforcing tax laws.
Historical Context
The IRS was established in 1862 during the Civil War to fund the war effort. Over the years, it has evolved to become the primary agency for tax administration in the country.
Cultural Significance
The IRS plays a crucial role in funding government operations and ensuring compliance with tax laws. It is often a topic of discussion and debate in political and economic circles.
Related Concepts
Other related concepts include tax collection, tax enforcement, and government revenue.
See Also
A government agency in the United States responsible for collecting taxes and enforcing tax laws.