What follows are my initial responses to Trump’s creation of the External Revenue Service, or ERS, future rival of the IRS. The short answer is no, not without congressional cooperation. Like other presidents, Trump lacks the constitutional authority to create a whole new federal agency such as the ERS.
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 from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share."
The proposals would codify features of the existing low-value entry processes (with new enhancements) but would not allow merchandise subject
He admitted to spearheading a scheme to illegally evade customs duties for more than $13.5M of jewelry imports into the U.S.
The US Customs Agency, established in 1789 under the US Department of the Treasury, has undergone significant transformations throughout its
Experts believe Trump would struggle to replace tax revenue with income from tariffs, as the president has recently suggested.
Taxpayers have until April 15 to file last year’s taxes on the income they made, including from those online gigs. The Internal Revenue Service, which processes tax returns, has changed the minimum income made online to report on tax returns.
Internal Revenue Service. "Retirement topics - Plan Assets." U.S. Department of Labor. "Advisory Council Report of the Working Group on Fiduciary Responsibilities and Revenue Sharing Practices."
President Donald Trump announced on Saturday that his administration is considering deploying nearly 90,000 newly hired Internal Revenue Service (IRS) agents to the U.S.-Mexico border, marking a major shift in federal resources to address immigration challenges.
This page contains information about the Internal Revenue Service Direct File Program. This information was last updated January 24, 2025. For the most up-to-date information, to learn more about Direct File, to set up an account, or to check your ...
As you may have heard, the Inflation Reduction Act, the legislation signed into law by President Joe Biden earlier month, mandates $80 billion in new funding for the Internal Revenue...