Creation Of The IRS Essay

The creation of the IRS dates back to 1862, when President Lincoln established an income tax to pay for the Civil War. The IRS is a tax administrator under the Department of the Treasury. Their mission is to help American taxpayers understand and meet their tax responsibilities, and enforce the law with integrity and fairness to all. The Commissioner is the head of the agency, they must be appointed by the President and approved by the Senate. I choose the IRS because it is one of the most talked about Federal Agencies and I wanted to be more informed about what they do. In January I plan to submit my FAFSA, so I was interested in how they go about processing taxes. There are many adjustments made to the U.S. Tax Code and as I start to work …show more content…
During the reconstruction of the IRS in 1998, Congress created the IRS Oversight Board. The Board’s responsibility is to oversee direction, and supervision of the execution and application of the internal revenue laws. In order to enforce the Internal Revenue Code, the IRS are given powers like the ability to collect information, enforce civil penalties and the ability to withhold taxes automatically from employee paychecks. Following an Eyewitness News investigation, the IRS has began to take actions to reduce fraud and save taxpayers billions. The investigation revealed that tax credits meant for kids in the U.S. were being issued to children in foreign countries. The IRS is now training workers at those centers to verify and approve documents from ITIN applicants directly. ITIN numbers will now expire over time as a safeguard against exploits. The new permanent rules are designed to reduce the widespread fraud exposed in our investigation and prevent the billions of dollars being cheated. The IRS has also taken actions to help South Carolina flood