In the United States, theIRS is the government authority which collects taxes. IRS is an abbreviation for 'Inland Revenue Service'.
IRS in British English
abbreviation for
1. (in the US)
Internal Revenue Service
2.
insulin resistance syndrome: a condition associated with diabetes mellitus in which higher than normal levels of insulin are present in the blood to compensate for the failure of normal insulin levels to perform their function
IRS in American English
Internal Revenue Service
IRS in Insurance
(aɪ ɑr ɛs) or Internal Revenue Service
abbreviation
(Insurance: General)
The IRS is the part of the U.S. Department of the Treasury that is responsible for collecting taxes.
If you cancel your annuity, 10 percent penalty on the taxable portion of the annuityis forfeited to the IRS if you are under age 59.
The higher your income the more attractive your return becomes to the IRS.
The IRS is the part of the U.S. Department of the Treasury that is responsible for collectingtaxes.
Examples of 'IRS' in a sentence
IRS
The house was full of lovely things but the IRS had them all inventoried and valued.
Ruell, Patrick THE ONLY GAME
I just introduced her to the IRS men and told her to get on with it.
Ruell, Patrick THE ONLY GAME
Last time the IRS audited one of his businesses, he got a half-million-dollar refund.