IRS

Meaning

Internal Revenue Service

IRS stands for the Internal Revenue Service of the United States Government. It is 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. Its headquarters are in Washington D.C. and strikes fear into the hearts of millions of Americans around April 15th every year.

Example

"Don't mess with the IRS, they can pretty much do whatever they want and get away with it!"

How some people view the IRS

Related Slang

USDUnited States dollars
Dead PresidentsMoney
ITRIncome Tax Return
ISOIncentive stock option
NQONon-qualified option
PAYEPay as you earn
POTUSPresident of the United States
SCOTUSSupreme Court of the United States

Usage

✓ General
✓ Financial Terms

Last Updated: October 25, 2016

IRS definition

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

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