Some Facts About The Internal Revenue Service ( IRS ) - PowerPoint PPT Presentation

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Some Facts About The Internal Revenue Service ( IRS )

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The Internal Revenue Service ( IRS ) was formed on July 1, 1862 during the Civil War.It was created to collect temporary income tax to pay war expenses. – PowerPoint PPT presentation

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Title: Some Facts About The Internal Revenue Service ( IRS )


1
Some facts about the IRS          
2
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.

3
The IRS has around 89,500 employees (2014).
4
In 2014, the IRS budget was 11.3 billion.
5
The IRS collects around 2.7 trillion each year.
6
In 2013, 240 million tax returns were filed with
the IRS.
7
In 2013, 77,268,000 tax refunds were e-filed
by Tax Professionals.
  • Total e-filed tax returns
    122,515,000.

8
These were some facts about the IRS. More are
coming, so keep reading and stay connected.
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