Tax Law and Accounting
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Title: Tax Law and Accounting

Essay Details:

Subject: Business
Author: Catherine B
Date: February 8, 2015
Level: University
Grade: A
Length: 5 / 1254

Essay text:

They are also responsible for the federal budget. The budget is how much the government plans to spend on various programs and services. The Internal Revenue Service (IRS) is responsible for enforcing the tax law, for collecting taxes, for processing tax returns, for issuing tax refunds, and for turning over the money collected to the US Treasury. Then, the Treasury is responsible for paying various government expenses. The income tax was first developed during the Civil War when the first income tax was imposed. The purpose of the tax was to acquire money to pay for the war debt. After the war, the income tax was declared unconstitutional by the Supreme Court in 1895 because it was not assigned among the states in conformity with the Constitution...

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