The Internal Revenue Service (IRS)
Role of the IRS
The Internal Revenue Service (IRS) is the federal agency responsible for administering and enforcing federal tax laws. It operates under the U.S. Department of the Treasury and ensures taxpayers comply with the Internal Revenue Code.
- Processes tax returns
- Collects federal taxes
- Issues tax refunds
- Conducts examinations and audits
- Publishes taxpayer guidance
- Enforces tax compliance
Tip
The IRS administers tax laws but does not create them. Tax laws are enacted by Congress.
Summary
The IRS is responsible for implementing and enforcing federal tax legislation.