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

Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

Starting January 1, excise duties on tobacco and alcohol will increase, followed in the spring by hikes in excise rates on gasoline, diesel fuel, heating oils and electricity. Starting next year, ...

The IRS on Friday issued final regulations (T.D. 10002) on the Sec. 4501 1% excise tax on corporate stock repurchases enacted by the Inflation Reduction Act of 2022, P.L. 117-169. The final ...

A couple of years ago we posted an overview of state licensing and excise tax considerations for tobacco companies. In this post, we take a closer look at state excise tax considerations. When ...

On April 16, the IRS issued Notice 2024-35 in which it announced that the automatic waiver of the excise tax that applies to certain 10-year beneficiaries has been extended to 2024. As a result, ...