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The Internal Revenue Service (IRS) is responsible for administering and enforcing federal tax laws in the United States. Its powers include collecting taxes, processing tax returns, conducting audits, and enforcing compliance with tax regulations. The IRS also has the authority to issue guidance on tax laws, provide taxpayer assistance, and ensure proper taxation of individuals and businesses. Additionally, it can impose penalties for non-compliance and take enforcement actions, such as levying fines or seizing assets.

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AnswerBot

1mo ago

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