Pronunciation: [ˌa͡ɪˌɑːɹˈɛs] (IPA) 
The word "IRS" stands for the Internal Revenue Service, a federal agency responsible for collecting taxes in the United States. Its spelling is straightforward, with each letter pronounced individually in its initialism form. Using the International Phonetic Alphabet (IPA), the pronunciation of "IRS" can be written as /aɪ ɑr ɛs/. This means that the "I" is pronounced as "eye," "A" as "ah," "R" as "ar," and "S" as "es."
IRS stands for Internal Revenue Service. It is a term used in the United States to refer to the federal agency that is responsible for the administration and enforcement of tax laws. Founded in 1862, the IRS is a division of the Department of the Treasury. Its primary function is to collect taxes and ensure that individuals and businesses comply with federal tax laws.
The IRS has a wide range of responsibilities, including processing tax returns, auditing taxpayers, and collecting overdue taxes. It also provides assistance and guidance to taxpayers regarding tax-related matters and educates the public on tax laws and regulations.
The agency plays a crucial role in maintaining the stability of the U.S. economy by funding government programs and services through tax revenue. It implements tax policies set by Congress, enforces tax laws, investigates tax fraud, and offers tax relief programs to eligible individuals and businesses.
The IRS utilizes various tools and resources to carry out its tasks, such as electronic filing systems, tax forms, tax publications, and an online portal for taxpayers to access information and services. It also collaborates with other government agencies, financial institutions, and international organizations to combat tax evasion and conduct international tax enforcement.
Overall, the IRS is an essential institution that enforces tax laws, ensures compliance, and collects revenue to support the functioning of the federal government.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "IRS" stands for the Internal Revenue Service, which is the revenue service of the United States federal government. As for its etymology, it is an acronym derived from the initials of its full name, Internal Revenue Service. The term "revenue" relates to the income collected by the government to fund its operations, while "service" refers to the agency's role in providing assistance, enforcement, and administration of tax laws. It is worth noting that the agency was previously known as the Bureau of Internal Revenue until its name changed to Internal Revenue Service in 1953.
