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Internal Revenue Service

From: The Columbia Encyclopedia, Sixth Edition  |  Date: 2008

Internal Revenue Service (IRS), division of the U.S. Treasury Dept. that is responsible for the assessment and collection of most federal taxes, except those relating to alcohol, tobacco, firearms, and explosives. Established in 1862, the IRS derives most of its revenues from the collection of corporate and individual income tax .

Author not available, INTERNAL REVENUE SERVICE., The Columbia Encyclopedia, Sixth Edition 2008

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