What is the IRS?
Understand the Problem
The question is asking for the definition and role of the IRS, which is a specific government agency in the United States. The options provided relate to various responsibilities attributed to the IRS, and the task involves identifying the correct description of its function.
Answer
The U.S. government agency that oversees the collection of federal taxes.
The answer is the U.S. government agency that oversees the collection of federal taxes.
Answer for screen readers
The answer is the U.S. government agency that oversees the collection of federal taxes.
More Information
The IRS is responsible for enforcing tax laws and collecting federal taxes in the U.S., which is its primary function.
Tips
A common mistake is confusing the role of the IRS with other government functions, such as setting tax policy or punishment enforcement.
Sources
- Investopedia - IRS - investopedia.com
- About IRS | Internal Revenue Service - irs.gov
- Internal Revenue Service | An official website of the United States - irs.gov
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