The IRS is latest federal agency under review by Elon Musk’s cost-cutting group.

If you've been on social media lately, you may have seen a claim that you soon won't have to pay taxes because President ...

The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.

The inclusion of DEXs and DeFi participants in the definition of "broker" has a number of significant corollary implications.

Personal ordinary income can be defined as cash inflow subject to the standard marginal income tax rates and defined by the Internal Revenue Service (IRS). For businesses, ordinary income is ...

introduced would take funds that that the Inflation Reduction Act adopted during former President Joe Biden’s administration provided to boost the Internal Revenue Service, and reallocate them ...

Trump announced his intention to create the new federal department on Truth Social, writing: "I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come ...

US President Donald Trump, during his inauguration speech on Monday, announced the establishment of an external revenue service to collect tariffs from foreign countries exporting goods to America. “I ...

The US in creating an external revenue service to collect tariffs. This is re-opening negotiations for all trade and other relationships with all other countries. It is the threat of actions and ...

President Trump wants an External Revenue Service to collect tariffs on imports. One trade expert said the move may be “more branding than substance.” By Ana Swanson Ana Swanson covers ...

The big change Trump is proposing this time around is the creation of a new "External Revenue Service" that will collect tariff revenue. The exact contours of that new agency are still unclear ...

pay tariffs—is the function of the proposed new “External Revenue Service?” While some industry groups had speculated that Trump might invoke the International Emergency Economic Powers Act in order ...