Trump Says He Will Create ‘External Revenue Service’ To Collect Revenue From Foreign Sources
President-elect Donald Trump has announced that he will create an external revenue office that will collect all foreign-sourced revenue.
President-elect Donald Trump has announced that he will create an external revenue office that will collect all foreign-sourced revenue.
Federal prosecutors have charged two tax preparers for allegedly defrauding $65 million from the federal government during the COVID-19 pandemic.
According to a report, the Internal Revenue Service (IRS) imposed $7 billion in extra tax penalties last year, about four times the $1.8 billion it assessed in 2022 following the Biden administration’s push for increased funding and enforcement of the agency.
The IRS said it will go after high-income earners who have failed to file tax returns in 125,000 cases since 2017.
The Internal Revenue Service (IRS) announced on Monday that the agency will dramatically restrict the number of unannounced inspections of homes and businesses, citing safety concerns for its personnel as well as the possibility of scammers posing as agency officials.
Representative Stephanie Bice has demanded a full accounting from the Internal Revenue Service, saying that the nearly $10 million spent by the agency on weapons and tactical gear since 2020 is “concerning.”
Armed Internal Revenue Service (IRS) and Bureau of Alcohol, Tobacco, Firearms and Explosive (ATF) agents raided a gun store in Great Falls, Montana seizing all forms that hold buyer’s information during firearm transactions.
Florida Governor Ron DeSantis said that he would abolish the “corrupt” Internal Revenue Service if he was to be elected President in 2024.