What Are The Things That You Must Know With Regards To IRS Services
One thing about IRS or Internal Revenue Service that we want you to know of is the fact that it is the revenue service under the federal government. With regards to matter concerning the government agency where IRS belongs to, it is a bureau of the Department of Treasury, and is under the immediate management of the Commissioner of Internal Revenue who is selected by the President to a five-year term. If you are wondering what IRS do, well, that is the fact that they administer the Internal Revenue Code, and at the same time, they collect tax, which gave them the name “the main body of the federal statutory tax law”.
You should know by now that the responsibilities and duties of IRS has something to do with pursuing and resolving instances of fraudulent and erroneous tax filings, providing tax assistance, and formulating and enforcing policy concerning income tax as well.
As a matter of fact, the Internal Revenue Service has overseen different benefit programs, and enforces part of the Affordable Care Act as well. It has been said that the Internal Revenue Service is the one that brings in majority of the revenue needed to fund the federal government, however, if there is one thing that we do not know about it, that would be the fact that its resources have been cut every single year. However, one thing remains true beyond all that and that is the fact that IRS continue to offer their services to the public.
If there is one thing that you have to be aware of regarding taxes, that would be the fact that these are payments of money given by taxpayers to the government, providing public services, and also, goods to the community. Roads, parks, highways as well as street lights are some of the public goods that come from taxes. Conversely, with regards to public services, we want you to know that they reference to law enforcement, welfare programs, education, and sanitation as well.
For those of you out there who have your own business and is falling behind tax payments, you should know that the IRS has the power to shut down your business if you are not to settle this thing immediately. Furthermore, we want you to know that the IRS will not make any exception with regards to matters concerning collecting what is due to them. When you want to correct the mistakes you commit regarding your taxes, the best possible thing for you to do is to hire an IRS tax lawyer because a skilled and expert lawyer, who has years of unmatched experience, will help you device a plan, and even negotiate with the agency, to come up with the right payment plan for you.
All these and more are what you need to know regarding IRS.