Excise tax has to do with selected goods and services. The tax applies to businesses that manufacture or distribute chosen goods and services. While a consumer will not be billed for...
Posted by Dennis Jao on 09/09/2021
On January 19, the Treasury Department and the IRS released a final rule to help tax-exempt nonprofits comply with excise tax which is considered excessive under Section 4960 of the...
Posted by Unifirst Financial & Tax Consultants on 03/15/2021
Background. Effective for each tax year beginning after December 31, 2017, an ATEO is generally subject to a special tax (currently 21%) on the amount of any employee's overcompensation...
Posted by CORE PERFORMANCE on 11/24/2020
Since the end of 2017 & into today, there is a 1.4% excise tax directed on the net investment right from the new tax law. This excise tax affects the net investment income of some...
Posted by Unifirst Financial & Tax Consultants on 11/16/2020
