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IRS location sign at Constitution Avenue, Washington, D.C. The IRS originates from the commissioner of internal revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure funded over a fifth of the Union's war expenses before being allowed to expire a decade later.
The first attempt to tax income in the British colonies not yet the United States was in 1643 when several colonies instituted a "faculties and abilities" tax. Tax collectors would literally go door to door and ask if the individual had income during the year.
The Commissioner of Internal Revenue is the head of the Internal Revenue Service (IRS), [1] an agency within the United States Department of the Treasury. [2]The office of Commissioner was created by Congress as part of the Revenue Act of 1862. [3]
The IRS said 5 million tax returns, filed by 4.7 million people, businesses, trusts, estates and tax-exempt organizations, are eligible, for about $206 per return. The IRS is waiving the penalties ...
In what its calls a "major policy change," the Internal Revenue Service (IRS) announced July 24 that it would be discontinuing its practice of unannounced visits to taxpayers. The agency cited a ...
Republicans should privatize the IRS if they're serious about reducing the number of government agencies
an adjustment to the income tax that was created under the Revenue Act of 1861. The Revenue Act of 1862, section 92, states that "duties on incomes herein imposed shall be due and payable" in 1863 and each year thereafter until and including 1866 "and no longer." [6]
The U.S. District Court acknowledged the authority of the IRS to assess taxes on all forms of payment but did not permit taxation on the compensation provided by the insurance company, because unlike a wage or a sale of goods at a profit, this was not a gain. As the court noted, "Congress has taxed income, not compensation". [57]