Some Facts About The Internal Revenue Service ( IRS )

Post on 07-Apr-2016

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The Internal Revenue Service was formed on July 1, 1862 during the Civil War.It was created to collect temporary income tax to pay war expenses.

Transcript of Some Facts About The Internal Revenue Service ( IRS )

Some facts about the IRS          

The Internal Revenue Service was formed on July 1, 1862 during the Civil War.

It was created to collect temporary income tax to pay war expenses.

The IRS has around 89,500 employees (2014).

In 2014, the IRS’ budget was  $11.3 billion.

The IRS collects around $2.7 trillion each year.

In 2013, 240 million tax returns were filed with the IRS.

In 2013, 77,268,000 tax refunds were    e-filed by Tax Professionals.

Total e-filed tax returns: 122,515,000.

These were some facts about the IRS. 

More are coming, so keep reading and stay connected.