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The Business Standard

Thursday
June 04, 2026

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THURSDAY, JUNE 04, 2026

Internal Revenue Service

Internal Revenue Service

President Donald Trump arrives from the Blue Room to speak about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. Photo: Alex Brandon/Pool via REUTERS

Trump seeks resolution to $10 billion IRS lawsuit, drawing ethics concerns

Critics say any settlement would involve Trump negotiating with parts of the executive branch and the Justice Department that fall under his authority, raising questions about a potential conflict...

A view of the Internal Revenue Service (IRS) building in Washington, DC, US, 16 February 2025. REUTERS/Annabelle Gordon

IRS fires 6,000 employees as Trump slashes US government

Signage is seen at the headquarters of the Internal Revenue Service (IRS) in Washington, DC, US, May 10, 2021. Photo: REUTERS/Andrew Kelly/File photo

US IRS prepares to lay off thousands of workers: sources

U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022. REUTERS/Jonathan Ernst

Yellen tells IRS not to increase middle-class audits if it gets more funding

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