Is the IRS a Privately Owned Company That Contracts with Department of Treasury?

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Is the IRS a Privately Owned Company That Contracts with Department of Treasury?
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In a word: absurd.

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The message in the post reads,"Reminder that the IRS is a privately owned company acting as a permanent contractor for the US Treasury dept, without any actual legal statute authorization."of the Treasury Department, not a private contractor.usually used "Some argue that the Internal Revenue Service is not an agency of the United States but rather a private corporation, because it [allegedly] was not created by positive law," according to the IRS website, which then lays out what the law says about the IRS as a government tax collection agency:

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