JournalofAccountancy

Final regs. issued for 1% excise tax on corporate stock repurchases

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 ...
JD Supra

Newly Proposed Regulations on Stock Buyback Excise Tax Largely Adopt Approach From Initial IRS Guidance

On April 12, 2024, the Treasury Department (Treasury) and Internal Revenue Service (IRS) issued proposed regulations (89 FR 25980 and 89 FR 25829) on the excise tax on stock buybacks enacted as part ...
JD Supra

Proposed Treasury Regulations Provide Guidance on Stock Buyback Excise Tax for Redemptions and M&A Transactions

The Inflation Reduction Act (IRA) imposed a one-percent excise tax on the fair market value (FMV) of any stock of a covered corporation that is repurchased by such corporation during its taxable year, ...
American Enterprise Institute

Should Lawmakers Raise the Stock Buyback Excise Tax?

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.
JournalofAccountancy

Proposed regs. issued for 1% excise tax on corporate stock repurchases

The IRS on Tuesday issued a pair of notices of proposed rulemaking providing guidance on the Sec. 4501 1% excise tax on corporate stock repurchases that was enacted by the Inflation Reduction Act of ...