Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Internal Revenue Service (IRS)

Read a random definition: qualified nuisance

A quick definition of Internal Revenue Service (IRS):

The Internal Revenue Service (IRS) is the government agency responsible for collecting taxes in the United States. It was established in 1862 and is part of the Department of the Treasury. The IRS collects taxes on income, property, and other things. If someone doesn't pay their taxes, they can be fined or even go to jail. The rules for taxes are in a book called the Internal Revenue Code (IRC). Breaking these rules can be a crime or a civil offense.

A more thorough explanation:

The Internal Revenue Service (IRS) is the government agency responsible for collecting taxes in the United States. It is part of the Department of the Treasury. The IRS was established in 1862 to collect taxes on alcohol, property, and other things related to revenue. In 1913, the Sixteenth Amendment to the U.S. Constitution gave Congress the power to collect taxes on income. The IRS then created a division to collect personal income taxes. In 1952, the agency officially became the Internal Revenue Service.

The IRS enforces the Internal Revenue Code (IRC), which is the law that governs taxes in the United States. Breaking the IRC can result in fines or even imprisonment. For example, if someone intentionally tries to avoid paying taxes, they can be fined and sent to jail.

Example: John is a self-employed contractor. He is required to pay taxes on his income. If he fails to report all of his income or tries to avoid paying taxes, he could be fined or even go to jail.

Example: Sarah is an employee at a company. Her employer withholds taxes from her paycheck and sends them to the IRS. If Sarah fails to file her tax return or pay any additional taxes owed, she could face penalties from the IRS.

These examples illustrate how the IRS collects taxes and enforces the law to ensure that everyone pays their fair share of taxes.

Internal Revenue Code (IRC) | International Atomic Energy Agency

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MrThickRopes
16:04
@CheeseIsMyLoveLanguage: so when I get decisions EST?
CheeseIsMyLoveLanguage
16:07
@MrThickRopes: I saw a YLS reject wave at 4:45 a couple of weeks ago, so I'd say 5:00 is a safe cutoff guess for schools in EST, given that's when admin offices typically close for the day
CheeseIsMyLoveLanguage
16:10
Have you looked at the admit graphs for the schools you've applied at? It can be helpful. For example, I sort the results based on complete or under review date and see if people who went complete or under review after me have received answers. If they haven't, scrolling down to see when people who have received answers, and when they went complete or under review, gives me an idea of how far out I might be for getting a response
CheeseIsMyLoveLanguage
16:11
@MrThickRopes: If I see people that went complete or under review after I did, and they are getting interview invites, then I lower my expectations for a positive result at that school.
MrThickRopes
16:12
Thx
CheeseIsMyLoveLanguage
16:12
@MrThickRopes: If someone who went complete or under review two weeks after me is getting accepted or interview invites, then it seems likely that I'm not a hot candidate for that school. Conversely, if there have been rejections of applicants who went complete or under review after me, that I feel somewhat confident that I am still in consideration
CheeseIsMyLoveLanguage
16:15
@MrThickRopes: you can also sort by decision date and look at the graph at the top left to get a good idea of when schools have waves (every week, every other week, Thursdays, rainbow or solid, etc.). While you still won't have control, it gives you a better idea of what you can expect and when
MrThickRopes
16:20
Cool I’ll do that
LeanDeadCloud
17:35
BC is every two weeks so there is a very good chance their wave will be on thursday
SplittingNotQuitting
17:42
How does the live updates page work? I notice that I'll often see the same person receive 4-5 or even more decisions within a minute or two. Do schools provide decisions for specific LSAC account #s and then LSAC releases them in batches or something along those lines?
CheeseIsMyLoveLanguage
17:44
@SplittingNotQuitting: If you click on the name, you'll likely notice that they are updating their profile with decisions received on multiple different days.
CheeseIsMyLoveLanguage
17:45
@SplittingNotQuitting: Everything on here is self-reported, so we have to count on each other to be accurate and update for us to use the data points effectively
SplittingNotQuitting
17:46
Ah, I understand. I was under the impression it was interfaced with the automatic status updater. Thanks.
CheeseIsMyLoveLanguage
17:47
@SplittingNotQuitting: I actually haven't seen anyone on here say that the automatic status updater works. Just lots of questions from individual users as to why they can't get their updater do work 🙃
CheeseIsMyLoveLanguage
17:48
**to work
SplittingNotQuitting
17:50
Haha. I was wondering how legit it was. I'll just continue to watch my LSAC status tracker and email like a hawk.
CheeseIsMyLoveLanguage
17:51
I am half expecting a restraining order from my status tracker. I feel dangerously close to reaching stalker status 😳
UnderRepresentedTryhard
18:55
W&M sent an apology letter for not having my decision on time. I appreciate the thought but I also was preparing myself for the worst
CheeseIsMyLoveLanguage
19:20
@UnderRepresentedTryhard: Did they send you an answer with their apology?!?
bigfatsloth
20:48
should i withdraw my applications when i decide where im going is that a part of the process or is it not needed
eggan
20:51
it would b considerate to the schools and to the people still waiting for decisions yes
eggan
20:52
anyone on hold, their fate depends on how many people withdraw before the deposit deadline
bigfatsloth
20:52
interesting ok i’ll do that thank u eggan
DastardlyDaniel
21:12
Anybody know the best place to find admitted students group chats?
PuzzlingDustyJackal
22:26
GWU status checker says decision made but no email bruh
UnderRepresentedTryhard
22:27
@CheeseIsMyLoveLanguage: No. If you mean “answer” as in being accepted/denied, no
UnderRepresentedTryhard
22:27
Check portal
TheKAF
22:46
Is a $30k total difference in COA between two similarly ranked schools too much? Even if the most expensive one has a niche concentration I want to pursue?
UnderRepresentedTryhard
22:54
uhhh if you're rolling in dough (hundreds of millions to billions) sure...but if you're taking out a loan, don't do it. You can pursue what your niche falls under and their may be a course that teaches that niche. check courses if they're available tho
UnderRepresentedTryhard
22:55
wrong there. i deserve death penalty
LSD+ is ad-free, with DMs, discounts, case briefs & more.