Proposed Regulations published by the Treasury Department last month provide helpful clarifications regarding the application of the excise tax under Section 4960 of the Internal Revenue Code of 1986, ...

It’s the time of year when people are getting their excise taxes in the mail. If you own or lease a vehicle in Massachusetts, you will pay an excise tax each year. The excise rate is calculated by ...

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 ...

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”).[1] ...

An excise tax is an extra tax added to certain products or services. Learn what this might mean for your business. Many, or all, of the products featured on this page are from our advertising partners ...

Small businesses that sell goods or services that incur excise taxes need to file IRS Form 720 quarterly. Many, or all, of the products featured on this page are from our advertising partners who ...

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now Commonly known as the “sin tax,” the excise tax is a tax on products that are considered harmful or ...

Excise taxes come in many forms, but have one thing in common: They are consumption taxes. What Is an Excise Tax? Types of Excise Taxes Excise Tax Examples Excise Taxes on Retirement Accounts How Is ...