IRS Commissioner Daniel Werfel says he intends to step down from his position on President-elect Donald Trump’s Inauguration Day.

Trump announces puzzling new ‘External Revenue Service’ to collect tariffs, other foreign income - The man who wants to shrink the government will be adding a new agency performing tasks already cover

Lawmakers on Capitol Hill questioned Scott Bessent ... agencies within the Treasury Department, including the Internal Revenue Service. The IRS received a massive boost in funding from Democrats ...

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

The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping import duties.

Speaker Mike Johnson said the panel would counter “false narratives” about the Jan. 6, 2021, riot and what led up to it, a sign that the G.O.P. would continue to try to shift blame for the attack.

President Donald Trump has revoked DEIA measures brought about under his predecessor in the hours after his inauguration.

Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and Jobs Acts, tax filing deadlines, and more

Meanwhile, another set of orders involves federal workers. Aside from wanting workers to return to offices, the new president has ordered a hiring freeze. Profit and prosper with the best of expert advice on investing,

The consequences could be dire, as Treasury Deputy Secretary Wally Adeyemo warned reporters at the end of November that, “the IRS is going to potentially have to make dramatic d

Trump's second inaugural address, delivered Monday afternoon from the cozy confines of the U.S. Capitol's rotunda ... the creation of a new "External Revenue Service" that will collect tariff ...

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."