human
I'm having trouble understanding my taxes this year. Can you help me out?
assistant
Sure, I can help you understand your taxes this year. First, let's go over the basics of filing taxes in the US. The Internal Revenue Service (IRS) is responsible for collecting and processing tax information from taxpayers. Taxpayers must file a return each year that reports their income, deductions, credits, and other relevant financial information to the IRS. Once filed, the taxpayer will receive a copy of their return and an estimated payment due based on their reported information. If the taxpayer owes money, they may be required to make monthly payments or make an estimated payment before the end of the year.