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Trump to create External Revenue Service
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 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's 'External Revenue Service' will collect from importers not 'foreign sources'
President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.
1h
IRS Issues Warning to Taxpayers About Popular Fuel Tax Credit
The Internal Revenue Service introduced a new form to protect ineligible taxpayers from claiming the Fuel Tax Credit.
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
14h
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
15h
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
19h
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
16h
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
15h
IRS Advisory Council names 18 new members
Eighteen new members have been named to the Internal Revenue Service Advisory Council .
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