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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Internal Revenue Service

Definition:

IRS might be the three scariest letters in the alphabet.

The IRS is the Tax Man: they're the guys you file taxes with and the guys who audit you or ask questions if they think you're fudging your tax returns. The IRS is also the part of the Treasury Department in charge of the federal tax system.