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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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JUST NOTICED UR2 NOTRE DAME FINALLY
when do they send out decisions?
WorthlessAttractiveZombie
20:16
usually Dec 15
ok ty!!
WorthlessAttractiveZombie
20:35
berkeley gaslit us
KnowledgeableGaudyMillipede
20:35
berk myth
KnowledgeableGaudyMillipede
20:35
fake news
WorthlessAttractiveZombie
20:36
berkeley better hit me with a "goodnight king" text smh
KnowledgeableGaudyMillipede
20:36
watching the dodgers go down 3 runs in the first inning, getting gaslit by berkeley, and watching trump drive a garbage truck and clown biden/harris is driving me insane today
LushFreez
20:37
my R from berkeley in march was at 5:48 pm
WorthlessAttractiveZombie
20:37
was that cali time?
LushFreez
20:38
yea
WorthlessAttractiveZombie
20:38
welp no sleep now
KnowledgeableGaudyMillipede
20:38
well its 8:38 EST so that gives us 10 minutes
WorthlessAttractiveZombie
20:39
So the clip of Jimmy Fallon with the rizzler is exactly 8 minutes so if we all start watching that now, we will know our fate by the end of it
LOL WTF BERKELEY
PLS
SOMETHINF
20:47
genuinely confused but also saw ppl not getting things back til 10:30 EST or something
20:47
i really wonder when they scheduled it for
I’m gonna hold out hope
WorthlessAttractiveZombie
20:48
It's gonna be so cute when I wake up to nothing from Berkeley tomorrow morning
Oh well
Can’t believe them
20:56
@SirEggan: not the same institution, of course, but i recall people getting rejected from UCLA at 10:00 PM eastern last cycle
20:58
was around 8pm est for me... i remember it all too well
windyMagician
21:00
t14s as taylor swift songs
Dkk
21:02
Anyone here do the Georgetown video?
21:02
Any update from Nova?
Dkk
21:33
What a day for Kamala https://www.youtube.com/watch?v=sHYde92vkxQ
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