IRS (Internal Revenue Service)

The Internal Revenue Service (IRS) is the U.S. government agency responsible for managing the country's tax system. Its main functions include collecting taxes, enforcing tax laws, and processing tax returns. The IRS ensures that individuals and businesses pay their fair share of taxes based on their income and financial activities. It also provides guidance to help taxpayers understand their obligations and offers assistance for filing taxes. Additionally, the IRS can audit returns to verify accuracy and may impose penalties for tax evasion or non-compliance. Essentially, the IRS plays a critical role in funding government operations through tax revenue.