On December 27, 2022, the IRS issued new proposed regulations concerning the new excise tax on corporate stock repurchases enacted as part of the Inflation Reduction Act of 2022. The proposed regulations include a list of transactions that are newly taxable as well as rules for reporting and liability under this excise tax.
See Notice 2023-2
Posted by Benjamin Sapozhnikov, Associate Editor, Wealth Strategies Journal.
Wealth Strategies Journal 