Definition, Meaning, Synonyms & Anagrams | English word IRS

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Definitions of IRS

1. (US): Initialism of Internal Revenue Service.
2. (India): Initialism of Indian Revenue Service.
3. (aviation) Initialism of inertial reference system.
4. (engineering) Initialism of Interface Requirements Specification.
5. (basketball) Initialism of instant replay system.
6. (finance) Initialism of interest rate swap.
7. plural of IR.

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Examples of Using IRS in a Sentence

• Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents.
• In April 2019, Propublica identified Humphreys County as the county most intensely audited by the IRS.
• It was conceived by Darrell Wagner at Dunhill Electronics; he was billed on the packaging as a "Licensed Tax Consultant and former IRS Revenue Agent".
• The LME used, however, to provide trade matching and clearing services to the London bullion market and distributes gold, silver, and gold IRS (interest rate swaps) forward rates on behalf of the LBMA.
• Richard Law, who was A&R for IRS Records, was a follower of their music and aesthetic; in 1981, Law took it to Miles Copeland, who had discovered and managed the Police and the Bangles.
• These regulations allow the IRS to penalize the organization and the disqualified person receiving the benefit.
• The floating index is commonly an interbank offered rate (IBOR) of specific tenor in the appropriate currency of the IRS, for example LIBOR in GBP, EURIBOR in EUR, or STIBOR in SEK.
• However, the prosecution asserted that the killings were motivated by his employer's garnishing of his wages to the IRS, as he failed to pay back taxes.
• As promulgated by the Internal Revenue Service (IRS) in 1960, the Kintner regulations set forth a complex six-factor test for determining whether such business associations would be taxed as corporations or partnerships.
• In October 2014 the ATR said that a report by the Treasury Inspector General for Tax Administration (TIGTA) found that the IRS has not been safeguarding federal tax information properly.
• Fort Smith-based federal prosecutor Steven Snyder told the FBI in May 1995 that Snell previously expressed a desire to target the Murrah building in 1983 as revenge for the IRS raiding his home.
• This law was more than 2,000 pages, cut Medicare by half a trillion dollars, placed huge unfunded mandates on our states and authorized the IRS to fine people who can't afford to buy health insurance.
• 2658, a bill to prohibit the Internal Revenue Service (IRS) from using the threat of audit to compel a taxpayer to agree to or sign the Tip Reporting Commitment Agreement or the Tip Rate Determination Agreement, introduced October 9, 1997.
• Scam baiting (or scambaiting) is a form of internet vigilantism primarily used towards advance-fee fraud, IRS impersonation scams, technical support scams, pension scams,.
• The IRS requires a minimum withholding of 24% of the prize (minus the wager) of any gambling win in excess of $5,000.
• States are also responsible for monitoring the ongoing development costs, quality and operation of approved projects, as well as the enforcement threat of notifying the IRS of "noncompliance" if the project deviates from the applicable requirements of the Code and the LURA, described above.
• It's considered tax evasion if the taxpayer knowingly fails to report income or under-report income (claiming less income than you actually received from a specific source), provides false information to the IRS about business income or expenses, deliberately underpays taxes owed or substantially understates taxes (by stating a tax amount on return which is less than the amount owed for the income reported).
• The next day, Diane meets with the IRS investigator, who says they have evidence incriminating Jim with embezzling funds from his retirement home residents.
• The IRS allowed purchasers of the "prepaid tuition contract" to not be taxed on the accruing value of the contract until the year in which funds were distributed or refunded.
• Flynn's book The Silent Brotherhood described The Spotlight as regularly featuring "articles on such topics as Bible analysis, taxes and fighting the IRS, bankers and how they bleed the middle class, and how the nation is manipulated by the dreaded Trilateral Commission and Council on Foreign Relations", adding "the paper attracted a huge diversity of readers".

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