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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 ...

IRS Publishes Treasury Decision on Excise Tax on Repurchase of Corporate Stock, Correction

The IRS has published a Treasury Decision on corrections to final regulations regarding the excise tax on repurchases of corporate stock made after Dec. 31, 2022. The corrections revise § ...