MANAGEMENT

Detailed explanation-1: -The Internal Revenue Service or IRS was founded in the year 1862 by the United States President, Abraham Lincoln. It is a U.S federal agency which is responsible for the collection of taxes and enforcement of tax laws in the United States.

Detailed explanation-2: -The IRS Mission Provide America’s taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

Detailed explanation-3: -The Law: There is a host of constitutional and statutory authority establishing that the Internal Revenue Service is an agency of the United States.

Detailed explanation-4: -The Internal Revenue Service (IRS) is the largest of Treasury’s bureaus. It is responsible for determining, assessing, and collecting internal revenue in the United States.

Detailed explanation-5: -The Indian Revenue Service (Income Tax) (IAST: Bhāratīya Rājasva Sevā), often abbreviated as IRS (IT), is the administrative revenue service of the Government of India.