What is IRS? And How Did it Started?

The Internal Revenue Service (IRS) is the largestforms and guidelines citizens need to file their tax
bureau within the U.S. Department of the Treasury.returns, and providing information and support to make
Headquartered in Washington, D.C., the agency isit easier for people to understand and obey tax
responsible for assessing and collecting most types ofregulations.
taxes owed by individual citizens and businesses. TheThe origins of the IRS go back to the American Civil
term internal revenue refers to government incomeWar (1861-65). Needing to generate funding to cover
from domestic sources (that is, internal to the nation),war expenses, President Lincoln and Congress initiated
as opposed to income from foreign (external) sources,a federal income tax by passing the Revenue Act of
such as fees imposed on foreign merchants who sell1862. The act also established a federal agency, the
their goods in the United States. The government usesBureau of Internal Revenue, and the head office of the
the tax money it collects to fund the nation's militaryCommissioner of Internal Revenue, to oversee tax
defense, space exploration, maintenance of nationalcollection. Ten years later the income tax was
highways and other public facilities, law enforcement,repealed. Although Congress attempted to reinstate an
and public services such as libraries and education.income tax in 1894, the Supreme Court ruled it
Each year individual taxpayers must file their annualunconstitutional a year later.
returns, or a request for an extension, by April 15, whileIncome taxes did not become a permanent fixture of
corporations must file their returns (or extensionAmerican life until 1913, when the Sixteenth
requests) by March 15. In 2003 it was estimated thatAmendment to the Constitution was ratified, authorizing
the IRS received more than 130 million personal incomeCongress to enact an income tax. In 1953 the bureau
tax returns and almost 6 million corporate income taxwas renamed the Internal Revenue Service, in an
returns, amounting to trillions of dollars in tax revenue.effort to emphasize its obligation to "serve" the
In addition to collecting taxes, the agency is alsoAmerican public.
responsible for enforcing tax laws, distributing the