Whois & Analysis for taxnetllc.com

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States.

The IRS is responsible for collecting taxes and administering the Internal Revenue Code, the main body of federal statutory tax law of the United States.

The duties of the IRS include providing tax assistance to taxpayers and pursuing and resolving instances of erroneous or fraudulent tax filings.

The IRS has also overseen various benefits programs, and enforces portions of the Affordable Care Act.

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

The modern field was established by the Italian mathematician Luca Pacioli in 1494.

Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.

Practitioners of accounting are known as accountants.

The terms "accounting" and "financial reporting" are often used as synonyms.

A limited liability company (LLC) is the United States of America-specific form of a private limited company.

It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

An LLC is not a corporation in and of itself; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.

LLCs are well-known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit.

In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC).