How Tax Pros Can Help Businesses Navigate Excise Taxes (Correct)

Opinion: Implementing excise taxes may require changes to point-of-sale systems, invoicing, and record-keeping. Tax professionals can help advise on necessary system changes to ensure taxes are ...
Hosted on MSN

What Is Excise Tax? Definition, Examples and How It Works

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 ...
RealClearMarkets

It's Time to Excise the 'Double Drawback' Loophole

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...
JD Supra

IRS Withdraws Controversial "Funding Rule" for Stock Buyback Excise Tax

The Internal Revenue Service (IRS) and U.S. Treasury Department have issued final regulations (T.D. 10037) (Final Regulations) under Section 4501 of the Code (the Excise Tax) that withdraw the ...
JD Supra

Treasury and the IRS Finalize Stock Buyback Excise Tax Regulations

On November 21, 2025, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations under Section 4501 1 relating to the one percent stock buyback ...