what does irs stand for

riya

Member
I’ve come across the term “IRS” a lot, especially when it comes to taxes, but I’m not entirely sure what it stands for. I know it's related to taxes, but I’m curious to know the full meaning behind it.
 
IRS stands for Internal Revenue Service, the U.S. government agency responsible for tax collection and enforcement of tax laws. It oversees income tax returns, issues refunds, and ensures compliance. The IRS also provides taxpayer assistance and manages programs like tax credits. It plays a key role in funding government operations through collected revenues.
 
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