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LSDefine

Simple English definitions for legal terms

Internal Revenue Service (IRS)

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A quick definition of Internal Revenue Service (IRS):

The Internal Revenue Service (IRS) is the government agency responsible for collecting taxes in the United States. It was established in 1862 and is part of the Department of the Treasury. The IRS collects taxes on income, property, and other things. If someone doesn't pay their taxes, they can be fined or even go to jail. The rules for taxes are in a book called the Internal Revenue Code (IRC). Breaking these rules can be a crime or a civil offense.

A more thorough explanation:

The Internal Revenue Service (IRS) is the government agency responsible for collecting taxes in the United States. It is part of the Department of the Treasury. The IRS was established in 1862 to collect taxes on alcohol, property, and other things related to revenue. In 1913, the Sixteenth Amendment to the U.S. Constitution gave Congress the power to collect taxes on income. The IRS then created a division to collect personal income taxes. In 1952, the agency officially became the Internal Revenue Service.

The IRS enforces the Internal Revenue Code (IRC), which is the law that governs taxes in the United States. Breaking the IRC can result in fines or even imprisonment. For example, if someone intentionally tries to avoid paying taxes, they can be fined and sent to jail.

Example: John is a self-employed contractor. He is required to pay taxes on his income. If he fails to report all of his income or tries to avoid paying taxes, he could be fined or even go to jail.

Example: Sarah is an employee at a company. Her employer withholds taxes from her paycheck and sends them to the IRS. If Sarah fails to file her tax return or pay any additional taxes owed, she could face penalties from the IRS.

These examples illustrate how the IRS collects taxes and enforces the law to ensure that everyone pays their fair share of taxes.

Internal Revenue Code (IRC) | International Atomic Energy Agency

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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