Definition
The Internal Revenue Service (IRS) is the U.S. agency responsible for collecting taxes.
Why It Matters
It funds government operations by enforcing tax laws.
Example
Processing income tax returns.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
The Internal Revenue Service (IRS) is the U.S. agency responsible for collecting taxes.
It funds government operations by enforcing tax laws.
Processing income tax returns.