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Why you'd go broke ignoring new 2026 IRS rules: The 1% excise tax on cash transfers

Starting in 2026, a massive shift in corporate tax compliance is hitting American businesses, and honestly, most people have ...

Remittance Tax Arrival Raises Questions And Action Plans

Carrie Brandon Elliot reviews questions and action plans generated by the January 1 effective date of a 1 percent tax on remittances from the U.S. to foreign recipients.
JD Supra

Part 2: The OBBBA Tax Series–What Nonprofits Need to Know About the Excise Tax

This is part 2 of Weintraub’s series covering the major changes from the OBBBA. This follows our initial article where we discussed the no tax on tips and overtime provisions, the SALT deduction, and ...
JD Supra

IRS Finalizes Regulations on Stock Buyback Excise Tax

On November 24, 2025, the US Department of the Treasury and the IRS issued final regulations on Section 4501, 1 which imposes a 1% excise tax on certain repurchases of stock of publicly traded ...