Internal Revenue Service of Colorado
The Internal Revenue Service administers the federal tax laws that Government has approved (IRS) Colorado. The three primary responsibilities of the IRS are processing tax returns, helping taxpayers, and upholding the law. The IRS also manages tax-exempt organizations, qualifying retirement plans, and criminal investigations. The IRS’s budget and staff have been shrinking despite the complexity of tax law and the addition of new duties.
Internal Revenue Service of Colorado
The Internal Revenue Service administers the federal tax laws that Government has approved (IRS) Colorado. The three primary responsibilities of the IRS are processing tax returns, helping taxpayers, and upholding the law. The IRS also manages tax-exempt organizations, qualifying retirement plans, and criminal investigations. The IRS’s budget and staff have been shrinking despite the complexity of tax law and the addition of new duties.
What Is the Internal Revenue Service (IRS)?
The United States government’s Internal Revenue Service (IRS) is a division in charge of tax collection and law enforcement (such as the wash sale rule).
The American Department of the Treasury is in charge of the organization, which was started in 1862 by then-President Abraham Lincoln. Its primary duty is to collect individual and employment taxes. The IRS also has jurisdiction over corporate, gift, excise, and inheritance taxes.
How to Make Direct Contact with an IRS Representative
The IRS states that its phone and walk-in representatives can only inquire about your refund’s status 21 days after you filed electronically, 6 weeks after mailing your paper return, or if “Where’s My Refund?” instructs you to do so. This is how to get in touch with a representative:
- Call the IRS from 7 a.m. to 7 p.m. local time, between Monday and Friday.
- By hitting 1 for English or 2 for Spanish, choose your language.
- For personal income tax inquiries, please press 2.
- For completed forms or payment inquiries, please press 1.
- For any other inquiries, press 2.
- When asked for your SSN, don’t enter anything.
- For inquiries on personal or individual taxes, press 2.
- For any other inquiries, press 4.
WHAT CAN BE DONE?
The IRS is a cumbersome bureaucracy that is difficult to change into a contemporary, high-tech agency. However, some steps might enhance tax administration. The National Taxpayer Advocate and various reform commissions have suggested that Congress pass legislation to make the tax code simpler. To undo recent budget cuts and stop a sharp decline in the agency’s enforcement presence, Congress could increase money. Increased revenue collections could more than offset additional funding for enforcement. Additionally, Congress might grant the agency more latitude in managing its workforce and more funding to support the modernization of its information technology, including lowering current wage ceilings for senior technical staff.
