The group's foundation was laid on the May 16, 1994 episode of Monday Night Raw when Ted DiBiase announced that he had purchased the services of Nikolai Volkoff.
For weeks, the WWF had teased a heel turn by Lex Luger as DiBiase's men constantly interfered in matches on his behalf and offered him bribes to join the stable.
His tag team partner at the time, Tatanka, became suspicious and challenged him to a match, only to turn and join himself after DiBiase distracted Luger to set up the pin.
After the team's loss in a tournament final to determine new champions,[1][6] Bigelow became involved in a worked altercation with football legend Lawrence Taylor at ringside.
[7] After his loss to Taylor, relations soured between Bigelow and DiBiase, cooling for months until the former turned face and saved then-WWF Champion Diesel from a beating at the hands of the corporation.
In a memorable series of skits, IRS traveled to a graveyard in order to "leave no stone unturned" in his investigation of dead tax cheats, and to psych out The Undertaker.
[1] Although "The Ringmaster" name was dropped quickly and Austin adopted the "Stone Cold" moniker he later made famous, he continued to be managed by DiBiase and regarded as the Million Dollar Champion.