Meaning of “the IRS” in the English Dictionary

"IRS" in American English

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abbreviation for Internal Revenue Service (= the part of the US Treasury Department that collects most taxes owed to the federal government, including income tax)

(Definition of “IRS” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"the IRS" in Business English

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the IRSnoun


abbreviation for Internal Revenue Service: the official organization in the US that collects taxes:

The company agreed to pay the IRS $135 million in back taxes.

(Definition of “the IRS” from the Cambridge Business English Dictionary © Cambridge University Press)