Internal Revenue Service (IRS)

Written By Melissa Cook
Feb 14, 2023
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The Internal Revenue Service (IRS) is a U.S. government agency that is responsible for the collection of taxes and enforcement of tax laws. The IRS is part of the Department of the Treasury and was established in 1862. 

The agency is responsible for collecting federal income tax from individuals, corporations, and other businesses, as well as for enforcing tax laws, ensuring compliance, and conducting audits.

The IRS is responsible for administering and enforcing federal tax laws, including the collection of taxes, the administration of tax credits, and the enforcement of tax penalties. The agency is also responsible for processing tax returns, conducting audits, and collecting taxes owed. In addition, the IRS is responsible for educating taxpayers on their rights and responsibilities, and providing guidance on tax-related issues.

The IRS collects a wide range of taxes, including individual income taxes, payroll taxes, and business taxes. These taxes are used to fund the federal government, which provides a variety of services, including national defense, infrastructure, and social programs. The IRS also administers tax credits, such as the earned income tax credit, which helps low- and moderate-income individuals and families.

The IRS also plays a role in enforcing tax laws and ensuring compliance. The agency conducts audits of taxpayers to ensure that they are accurately reporting their income and paying the correct amount of taxes. The IRS can also impose penalties and fines for tax non-compliance, and even take legal action against individuals and businesses who violate tax laws.

In addition to its role in tax collection and enforcement, the IRS also provides support and assistance to taxpayers. The agency offers a variety of resources, including publications, forms, and tax-related tools, to help taxpayers understand and comply with their tax obligations. The IRS also provides assistance through its toll-free hotline, in-person assistance at local offices, and online services.

The IRS also has a key role in safeguarding taxpayer information. The agency is required to protect taxpayer information from unauthorized access or disclosure, and is responsible for implementing measures to ensure the security and privacy of taxpayer information. The IRS also investigates and prosecutes individuals who engage in fraudulent or illegal activities involving taxpayer information.


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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

18200 Von Karman Ave, 6th Floor Irvine, CA 92612
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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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