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9 Contest Pictures Page 1 - View All
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| The Internal Revenue Service also known as the IRS is that government agency most Americans love to hate, especially during the time of tax filing every Spring. The IRS is part of the US Department of the treasury. The agency's main functions constitute collection of taxes and enforcement of the internal revenue laws. In it's jurisdiction is pursuing those individuals and companies who try to cheat with their taxes. IRS is also in charge of issuing revenue rulings and private letter rulings. Basically a ruling letter from the agency is a document explaining the position of IRS on a certain tax issue of this individual. Legally speaking, the IRS is an entity that can not sue and can not be sued. As of 2007, the agency is owed over $320 billion in debts from the tax payers who still did not pay their past taxes. As of 2006, the IRS started a practice of outsourcing tax collection from its debtors to a private collection agencies. While most American taxpayers did not like this new policy, as the old proverb says we can't get away from death and taxes. |
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