Amid the flurry of proposed rulemakings that were published in the month prior to President Trump's inauguration, the ...

As part of the Inflation Reduction Act of 2022, there’s a new one percent excise tax on stock repurchases by certain corporations. The IRS has now issued proposed regulations related to the tax ...

The final rules, issued Friday, require the stock repurchase excise tax to be reported on Form 720, Quarterly Federal Excise Tax Return, due for the first full calendar quarter after the end of the ...

The new regulations will be rolled out in stages, with the threshold set at $5,000 for the 2024 fiscal year, dropping to $2,500 in 2025, and finally reaching a minimum of $600 from 2026 onwards.

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, ...

The IRS and U.S. Treasury have finalized a controversial new rule requiring DeFi platforms to implement KYC procedures and report user transactions, treating them as traditional brokers. Effective ...

The last Trump administration placed limits on new federal regulations, and the IRS has been active since the November election in promulgating new regulations. The new Treasury Secretary, Scott ...

T he IRS has issued new regulations regarding retirement plan contributions that will affect highly paid individuals (HPIs). These changes arise from the SECURE 2.0 Act and will have significant ...

New income tax brackets. The US federal income tax code currently has seven tax rates – 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each of those rates applies to a range of taxable income, also known ...

The tax brackets for the 2024 tax year, set by the 2017 Tax Cuts and Jobs Act, aren't changing, but the cutoffs for each band of taxation will shift higher. The tax rates will remain 10%, 12%, 22% ...