Is the United States Internal Revenue Services a bureau you don’t know much about? It’s time to change that. This bureau is an important entity when it comes to your taxes, which is why it is important to be more aware of the bureau’s responsibility as well as what it does for the country and its taxpayers. So today, let’s take a look at the frequently asked questions about the IRS and answer each one.
U.S. Internal Revenue Services | FAQs for Your Information
What is the Internal Revenue Services?
The Internal Revenue Services is the tax collection agency of the U.S. federal government. The bureau is tasked to collect taxes and administer the Internal Revenue Code, the main body of the federal statutory tax law of the U.S. Part of the job of the IRS is to provide tax assistance to taxpayers. They are also in charge of resolving fraudulent or erroneous tax filing issues.
What is the difference between the Internal Revenue Service and the Treasury Department?
The Internal Revenue Services is actually a bureau of the U.S. Department of Treasury. The IRS is basically the branch of the Treasury Department that handles taxes and makes sure tax laws are properly followed by the residents of the United States.
On the other hand, the Department of Treasury has a wide scope of work aside from implementing taxes. It is in charge of managing government revenue. Among their responsibilities are producing currency and coinage, supervising banks, managing the country’s finances, and much more that has to do with the nation’s financial concerns.
What are the different Internal Revenue Services tax forms?
There are many forms to be submitted to the IRS depending on the concern or tax you’re filing. Here are some of the most used forms you have to be aware of:
- Form W-9 Request for Tax Payer Identification – This is the form you need if you’re just about to start paying taxes. In order to secure a TIN, you must fill up a Form W-9 and follow the instructions by the IRS.
- Form 1040 U.S. Individual Tax Return – This is to file personal federal income tax and must be filed by citizens and residents of the U.S. on or before tax day.
- Form W-4 Employee’s Withholding Allowance Certificate – Employees are to complete the IRS form W-4 in order to allow their employers to withhold the right federal income tax from their salary.
- Form W-2 Wage and Tax Statement – Every employer must file this form to the IRS for every employee they paid compensation to and withheld taxes from.
Where is the office of the Internal Revenue Services located?
The main office of the IRS is at 1111 Constitution Ave., NW Washington, DC. But in order to serve more citizens and residents more easily, the IRS has several offices across the U.S. To seek assistance personally, simply check the IRS office locator and head on to the satellite office near you.
How do you get in touch with the Internal Revenue Services?
If you’re having trouble with your taxes, you can simply get in touch with the IRS online or through the phone. Most tax issues can now be resolved without having to physically be in their office. To ask for assistance, you may refer to their online tools and resources, which also includes the IRS numbers to call depending on your case.
To know how to navigate through the IRS website for your tax concerns, check out this video from IRSvideos:
Paying taxes may be a daunting task, but the IRS is there to help you every step of the way! Be familiar with the forms you need to file, be a good citizen, and pay your dues. Remember, it’s your duty to give to the state what is due so the government can serve you better!
Do you still have any questions about the Internal Revenue Services? Let us know in the comments section!
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