Legal Definitions - FMS

FMS

FMS is an abbreviation for Financial Management Service. It is a government agency that manages the financial operations of the United States Department of the Treasury.

One example of the FMS's responsibilities is managing the government's cash and debt. This means they are responsible for making sure the government has enough money to pay its bills and debts on time.

Another example is processing tax refunds. When you file your taxes, the FMS is responsible for processing your refund and making sure it gets to you.

The examples illustrate how the FMS manages the financial operations of the government. They ensure that the government has enough money to pay its bills and debts on time, and they process tax refunds to ensure taxpayers receive their money back in a timely manner.