Trump wants to ‘abolish’ the IRS and replace it with tariffs. Can it work?
No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in life are death and taxes. So the IRS is here to stay.
Commerce secretary shares Trump's 'goal' to abolish the IRS
Newly-confirmed Commerce Secretary Howard Lutnick believes reciprocal tariffs can bring in $700 billion per year and ultimately dissolve the need for the IRS.
Donald Trump's Goal to 'Abolish the IRS'—Howard Lutnick
The commerce secretary said Trump's aim is to "abolish the Internal Revenue Service and let all the outsiders pay."
Trump Wants to 'Abolish the IRS,' New Commerce Secretary Says
Commerce Secretary Howard Lutnick revealed another one of the Trump administration's controversial goals: abolishing the Internal Revenue Service (IRS).
Trump's Goal Is To 'Abolish' IRS And 'Let All The Outsiders Pay,' Says Newly Confirmed Commerce Secretary Howard Lutnick
Howard Lutnick, the newly confirmed Commerce Secretary under President Donald Trump‘s administration, reiterated the President’s proposal for the abolition of the Internal Revenue Service (IRS).
Trump Plans to ‘Abolish’ the IRS, Commerce Secretary Reveals
President Donald Trump wants to abolish the Internal Revenue Service and create an “external” revenue service that will somehow force the rest of the world to fund the U.S. government, according to his newly confirmed commerce secretary.
IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say
Experts say the layoffs of roughly 7,000 IRS probationary workers likely mean the end of the agency’s plans to go after ...
Texas Public Radio1h
IRS cuts over 6,000 jobs in the middle of tax season
The IRS is cutting more than 6,000 jobs this week, as part of the Trump administration's downsizing of the overall federal ...
Fired IRS employee decries irony of being hired to '=make the IRS 'more efficient'
As the IRS fired thousands of workers across the country on Thursday, many laid-off employees walked out of the headquarters ...
What is the IRS 90-day tax rule and how does it work?
The IRS 90-day rule offers crucial protection to taxpayers, providing a clear timeline and process for disputing tax ...
CNET on MSN4d
Don't Believe TikTok. Trump's ERS Doesn't Mean the End of Income Taxes
Despite Trump's pledge to create an ERS and his order to freeze hiring at the IRS, nothing in the law has changed. That means ...
IRS will lay off thousands of probationary workers in the middle of tax season
The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with ...
What are the requirements for IRS tax forgiveness?
The IRS could forgive a portion of your tax debt, but only if you meet certain requirements. Here's what they are.
IRS layoffs could hurt revenue collection and benefit rich tax dodgers, experts say
Experts say layoffs of about 7,000 IRS workers probably mean an end to plans to target rich tax dodgers and could spell disaster for revenue collection.
CNET on MSN4d
Even if the External Revenue Service Becomes a Reality, You Still Have to Pay Income Taxes
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 Trump is creating something called the External Revenue Service. Trump ...