Teamwork and Leadership. No man is an island, entire of itself; every man is a piece of a continent. âJohn Donne, English poet, 1572â1631. In this text, youâll explore answers to these questions:
Treasury Department. The U.S. Department of the Treasury performs four basic functions: formulating and recommending economic, financial, tax, and fiscal policies; serving as financial agent for the U.S. government; enforcing the law; and manufacturing coins and currency. The Treasury Department was created by an act of September 2, 1789 (31 U.S.C.A. Â§ 301). Many subsequent acts have affected the development of the department and created its numerous bureaus and divisions.
Internal Revenue Service. The federal agency responsible for administering and enforcing the Treasury Department's revenue laws, through the assessment and collection of taxes, determination of pension plan qualification, and related activities.