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The US Internal Revenue Service is the largest bureau of the US Department of the Treasury. According to the Treasury Department, the IRS "is responsible for determining, assessing, and collecting internal revenue in the United States." US internal revenue is largely Income Tax payments. The IRS also collects fines, penalties, fees and interest charges from individuals and businesses who have not properly followed IRS regulations. In serious cases, the IRS can bring court action including criminal charges against violators of laws or regulations.

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Jace Vandervort

Lvl 10
2y ago

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