IRS

1. 1
   proper nounUSinitialism

   Initialism of Internal Revenue Service. It names the US agency that collects federal taxes.

   The IRS sent her a letter about her unpaid taxes.

   He called the IRS to ask about his refund.

   Note
2. 2
   proper nounIndiainitialism

   Initialism of Indian Revenue Service. It names the part of India's government that collects taxes.

   She joined the IRS after passing the national civil service exam.

   An IRS officer reviewed the disputed tax assessment.

   Note
3. 3
   nouninitialism

   Initialism of interest rate swap. It is a deal where two sides trade different kinds of interest payments.

   The bank offered the firm an IRS to manage its loan costs.

   They signed an IRS to swap their floating payments for fixed ones.

   Note
4. 4
   nouncountable or uncountableinitialism

   Initialism of inertial reference system. It is the equipment that helps an aircraft track its own position and motion.

   The pilots checked the IRS before takeoff.

   A fault in the IRS gave the crew wrong heading data.

   Note
5. 5
   nouncountable or uncountableinitialism

   Initialism of instant replay system. It lets officials watch a play again to check a call.

   The referees used the IRS to review the last-second shot.

   An IRS confirmed that the ball crossed the line.

   Note
6. 6
   nouncountable or uncountableinitialism

   Initialism of Interface Requirements Specification. It is a document that lists how parts of a system must connect.

   The team updated the IRS before the design review.

   Each subsystem must follow the rules in the IRS.

   Note

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