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For companies, the IRS manages corporate income tax. Annual tax returns must be filed, detailing income,, deductions, and credits. The IRS reviews these returns to check tax law compliance, calculating owed taxes or due refunds.
The IRS also handles employerrelated taxes, like Social Security and Medicare, and issues Employer Identification Numbers (EIN) for tax reporting.
Through audits the IRS enforces tax laws, tackling noncompliance, fraud, and tax evasion. It guide businesses on tax regulations, providing resources for accurate reporting and compliance.
The IRS also handles employerrelated taxes, like Social Security and Medicare, and issues Employer Identification Numbers (EIN) for tax reporting.
Through audits the IRS enforces tax laws, tackling noncompliance, fraud, and tax evasion. It guide businesses on tax regulations, providing resources for accurate reporting and compliance.
