Internal Revenue Service

noun (abbreviation IRS)

Definition

› TAX the government department in the US that is responsible for collecting most national taxes: The Internal Revenue Service said yesterday that as many as 13.5 million taxpayers will have to wait to file their returns until it can reprogram its computers to comply with the new law. Nonprofit organizations must file simple disclosure statements online with the Internal Revenue Service or lose their tax exemptions. Internal Revenue Service records/data/rulings → Compare HM Revenue & Customs, HMRC

(Definition of Internal Revenue Service noun from the Cambridge Business English Dictionary © Cambridge University Press)

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