Trump announced his vision for the agency on his Truth Social connection in mid-January.
But alas, it’s probably not wise to believe this tax advice from social media.
What is the External Revenue Service?
The External Revenue Service isn’t an actual agency at this point.
It’s an idea Trump has floated multiple times in recent weeks.
Trump’s plans have confused many tax and policy experts.
“But that is a long way from abolishing the federal income tax and uncertain at best.”
The bottom line: You need tofile your tax returnthis year.