The IRS is organized according to the industry classification of the taxpayer.One of the four operating divisions of the IRS deals exclusively with manufacturing and exporting businesses.

Question

Quizplus · Accepted Answer

The statement is incorrect. The IRS is not organized according to the industry classification of the taxpayer, but rather according to the type of tax they are responsible for. The manufacturing and exporting businesses would fall under the jurisdiction of the Large Business and International (LB&I) division of the IRS, which deals with large corporations and international taxpayers.

The IRS Is Organized According to the Industry Classification of the Taxpayer.One