IRS Points Proposed Rules On The Unusual Company Stock Buyback Tax

Congress created a brand contemporary fragment of the tax code as section of the Inflation Reduction Act of 2022. Share 4501 imposes a one percent excise tax on stock repurchases by distinct corporations starting up after December 31, 2022. Now, the IRS has issued proposed laws that would possibly maybe maybe provide contemporary steering connected to the tax. Company Buybacks

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