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Trump to create External Revenue Service
Trump says he will create an ‘External Revenue Service’ agency to collect tariff income
The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.
Trump announces creation of External Revenue Service — here’s what new agency will collect
The creation of a separate department will likely need congressional support, though Trump could try to establish the department within a different existing agency.
Trump says he’s creating ‘External Revenue Service’ for tariffs
President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue Service (IRS), which collects taxes from Americans.
Hosted on MSN
21h
Donald Trump’s Proposed Tax Shift — External Revenue Service to Debut on Inauguration Day
Donald Trump has said he plans to establish an External Revenue Service (ERS) on his first day in office. The ERS represents ...
11m
Yellen says Trump's plan for new revenue agency won't save money for taxpayers
U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump's plan to set up a new government ...
5d
IRS says taxpayer service will suffer if Congress cuts modernization funds
The Internal Revenue Service said on Friday it will launch the 2025 tax filing season on Jan. 27 with expanded tools that ...
NewsChannel20
10h
Illinois Department of Revenue Announces Start of 2025 Income Tax Season
The Illinois Department of Revenue (IDOR) announced they will begin accepting and processing 2025 tax returns on Monday, ...
Accounting Today
11h
IRS proposes regulations, draft form for corporate separations and reorganizations
The IRS and the Treasury Department issued proposed regs and reporting requirements for multi-year corporate separations and ...
Hosted on MSN
15h
IRS stimulus checks: Who is eligible to receive $1,400 payment, what to know
The Internal Revenue Service is sending out $2.4 billion in stimulus payments to approximately 1 million eligible taxpayers ...
JD Supra
12h
IRS Issues Much Anticipated Guidance on Catch-Up Contributions
On January 10, 2025, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued proposed ...
Accounting Today
11h
IRS Advisory Council names 18 new members
Eighteen new members have been named to the Internal Revenue Service Advisory Council .
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