IRS

What does IRS stand for?

Internal Revenue Service

IRS stands for the Internal Revenue Service of the United States Government. It the organization responsible for collecting taxes in the United States.

The IRS is a bureau of the Department of the Treasury and under the direction of the Commissioner of Internal Revenue. It employs roughly 80,000 government workers.

The annual IRS federal tax filing deadline is April 15, though it may be few days later if April 15 lands on a weekend or holiday. In 2023, for example, the last filing date is April 18, because the 15th is a Saturday, the 16th is Sunday, and the 17th is Emancipation Day.

Example

If you're doing contract work, don't forget to make estimated tax payments to the IRS!
Official IRS tax forms
Official IRS tax forms

Related Slang

USDUnited States dollars
USAUnited States of America
Dead PresidentsMoney
ITRIncome Tax Return
FUTAFederal Unemployment Tax Act
ISOIncentive stock option
NQONon-qualified option
PAYEPay as you earn
EBTEarnings before taxes
W2Wage and Tax Statement

Categories

General
Financial Terms
Updated April 15, 2023

IRS definition by Slang.net

This page explains what the acronym "IRS" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.

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