IRS Compliance

IRS compliance refers to individuals and businesses following the tax laws and regulations set by the U.S. government. This includes accurately filing tax returns, paying the correct amount of taxes on time, and maintaining proper financial records. Staying compliant helps avoid penalties, interest, or legal issues. Essentially, it means operating within the rules established by the IRS to ensure proper reporting and payment of taxes owed. Good compliance practices contribute to the integrity of the tax system and support public services funded by taxes.