The Daily Overview on MSN
Ignore the 2026 1% IRS excise tax on cash moves and you could go broke
The new 1% federal excise tax on certain cash and money transfers starting in 2026 is not a nuisance fee you can shrug off.
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.
On November 24, 2025, the IRS published final regulations (the “Final Regulations”) providing comprehensive guidance on the application of the excise tax on repurchases of corporate stock under ...
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