What is the Irs in Missouri?
A division of the Department of the Treasury, IRS stands for the Internal Revenue Service is an government agency that is responsible for tax collections and enforcement of the Internal Revenue Code in the United States. Its headquarters is located in 1111 Constitution Ave., New York, Washington, D.C. The organization's Roots can be traced to the Civilian war, when the Congress and President Abraham Lincoln formed the Commissioner of Internal Revenue and issued an income tax to be payed for the war expenditures. After the confirmation of the 16th Amendment, the congress was authorized to collect income taxes. The first form of Iris named as Form 1040, was formed when the congress imposed taxes of 1 % on incomes More Than $3,000 and of 6% on incomes above $500,000. Between the 1950 and 1970, IRS processed transactions using the microfilm Technology. In 1995, the agency began the services of electronic filing of taxes. The organization changed its name from The Bureau of Internal Revenue to the Internal Revenue Service(IRS).
Iris is responsible for printing various tax forms that are chosen by the taxpayers as per the calculated taxes that they are liable to pay. It also keep tracks of the violations of the Internal Revenue Code and various crimes through its Criminal Investigation (CI). IRS also claims to provide services for clear and transparent transactions of the taxes in the form of Taxpayer Advocate Services.
The Internal Revenue Service(IRS) has organized the tax collections into statistics in the categories of Individual Tax Statistics, Business Tax Statistics and Statistics of Income (SOI). As per these statistics, about 234 million tax return applications were filed that led to the collection of $2.4 trillion of income.
The Internal Revenue Service (IRS) is controlled and regulated by the Federal government of the United States. It has an employment strength of 89,500 people and generated a Budget of approximately 11.2 billion.