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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.
The One Big Beautiful Bill Act (OBBB), signed into law on July 4, 2025, includes sweeping changes to the U.S. Internal Revenue Code (Code). Changes involve the expansion of excise taxes imposed on ...
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 ...
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