IRS

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Definition
  1. Noun:
    • The Internal Revenue Service: The IRS is the bureau of the United States Treasury Department responsible for administering and enforcing the federal tax laws, including the collection of taxes.
Usage Examples
  • Noun:
    • You must file your annual tax return with the IRS.
    • The IRS issued new guidelines for small business deductions.
    • He received a notice from the IRS regarding an audit.
Advanced Usage

  • "to be in trouble with the IRS": to have legal or financial problems due to tax issues.

    • The company is in trouble with the IRS for failing to pay payroll taxes.

  • "IRS regulations": the official rules set by the Internal Revenue Service.

    • The changes to IRS regulations affect how charitable donations are reported.
Variants and Related Words
  • Internal Revenue Service: The full, official name of the IRS.
  • Tax authority: A general term for a government body that collects taxes (the IRS is the U.S. tax authority).
Synonyms
  • Tax bureau: A government agency responsible for taxes.
  • Revenue service: A department focused on collecting public revenue, especially taxes.
Related Phrases

  • IRS audit: An official examination of an individual's or organization's financial records by the IRS to ensure information is reported correctly.

    • She prepared all her documents for the IRS audit.

  • IRS deadline: The final date by which a tax form or payment must be submitted to the IRS.

    • The IRS deadline for individual returns is typically April 15th.
Noun
  1. the bureau of the Treasury Department responsible for tax collections

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