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. We are sure that many of you here are curious to know about what IRS can do for us, and what we can tell you is that it is the main body of the federal statutory tax law which is held accountable for administering the Internal Revenue Code, and collect taxes as well.
We want you to know that the duties and responsibilities of the IRS include the following: formulating and enforcing policy concerning income tax, providing tax assistance to tax payers as well as pursuing and resolving instances of fraudulent and erroneous tax filings.
In fact, we want you to know about how the Internal Revenue Service has not only enforces parts of the Affordable Care Act, but also, overseen different benefit programs. Albeit the fact that the IRS has been known for bringing in most of the revenue necessary for funding the federal government, what we do not know is that its resources have been cut each year. But even so, the IRS continue to strive to provide quality service to the public, especially to the federal government.
Now that we mention about taxes here, we want you to know that these are payments of money to the government, providing public goods as well as services 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.