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- Formerly called the Bureau of Internal Revenue http://www.rdtc.com/Blog/archive/2008/01...
- A division of the U.S. Department of the Treasury
- Commissioner: Douglas Shulman
- Headquarters: Washington, DC
- Publishes the Internal Revenue Bulletin http://www.rdtc.com/Blog/archive/2008/01...
- Created by Abraham Lincoln during Civil War to help pay military expenses http://www.rdtc.com/Blog/archive/2008/01...
- 229 million income tax returns were filed with the IRS in 2006 http://www.rdtc.com/Blog/archive/2008/01...
- federal government spends $200 billion per year on federal tax compliance, which is more money than it takes to produce every vehicle in the United States http://www.rdtc.com/Blog/archive/2008/01...
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The Internal Revenue Service is the United States agency responsible for collecting taxes.
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Timeline
- 1862: Abraham Lincoln creates tax to fund Civil War; establishes Bureau of Internal Revenue
- 1913: 16th Amendment makes income tax constitutional
- 1953: Name officially changed to Internal Revenue Service
- 1950s: Switches to employee system instead of patronage
- 1998: Internal Revenue Service Restructuring and Reform Act passed by Congress splits IRS into new divisions
- 2006: IRS headquarters closes for several months due to flooding
Dealing with Losses
On March 17, 2009, IRS commisioner Douglas Shulman announced that investors who had lost money from the fraudelent schemes of Bernard Madoff and Robert Allen Stanford would be allowed to list their losses as theft losses on their tax returns. Theft loss deductions are likely to earn larger deductions for investment victims compared capital losses deductions.Bloomberg: IRS Says Madoff Victims Can Claim Theft Losses-
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IRS on Amazon
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How to Settle With the IRS for Pennies on the Dollar: The Unoffical Guide for Taxpayers Who Owe the IRS - $19.95
Twenty million Americans owe back taxes to the IRS. This step-by-step guide solves virtually any tax problem, highlighting the offer in an compromise program that lets you...Amazon
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Secrets of the IRS Tax Debt Collection Process - $97.00
This e-book fully explains, and leads you through, the process, step-by-step, for dealing with the IRS. The book includes the process that he IRS uses to settle tax debt issues. T...Amazon
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Orlimar Hybrid IRS Iron Replacement System (Right Handed, 56 degree, Senior VX Graphite Shaft) - $79.99
The Orlimar IRS (Iron Replacement System) clubs were designed to assist the golfer who struggles with their irons in either distance or playability. The two piece construction with...Amazon
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Stand Up to the IRS - $34.99
IRS Bills? Get the information and strategies you need to deal with the taxman. Named a "Best Tax Book" by Entrepreneur.com The Internal Reven...Amazon
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What The IRS Mi$$ed - $14.95
Our Jars Measures 5 inches diameter x 4.5 inches. Gift Box Included. Shipped in assorted glazes. Don't forget the rest of your family and friends! Birthdays are always coming up!Amazon
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IRS Questions
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Where do I report a person who used two dependents in 2008 income tax that didn't even live with them? 2 AnswersContacting your local Internal Revenue Service office should get you on the correct track to report alleged wrongdoing. read more -
IRS' answer for my query regarding nonresident US workers! Attention to all Non-US Mahaloians! 5 AnswersThanks for that... I can see that while the form isn't required by the IRS Mahalo could be audited and may have to show that the payements to non us citizens ar... read more
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On Twitter Powered by Twitter
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Breaking News: IRS Help and Tax Preparation http://tinyurl.com/ykp99yr
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Breaking News: The IRS Offshore Account Amnesty: Why now? http://tinyurl.com/yecrsmk
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irs and downstairs at the same time?
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IRS says Schwarzenegger owes [sic] $79,000 http://tinyurl.com/y9szafb
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