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Department of the Treasury Internal Revenue ServicePublication 721Contents Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Introduction . . . . . . . . . . . . . . . . .
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The Internal Revenue Service (IRS) is the U.S. government agency responsible for the collection of taxes and enforcement of tax laws.
Individuals, businesses, and corporations that meet certain income thresholds or other criteria set by the IRS are required to file tax returns.
To fill out IRS forms, taxpayers can use online tax software, hire a tax professional, or manually complete paper forms provided by the IRS, ensuring accurate reporting of income, deductions, and credits.
The purpose of the IRS is to administer and enforce federal tax laws, ensure compliance, and collect revenue needed to fund government operations and services.
Taxpayers must report income, deductions, credits, and any applicable tax liabilities on their tax returns.
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