Opinion: Implementing excise taxes may require changes to point-of-sale systems, invoicing, and record-keeping. Tax professionals can help advise on necessary system changes to ensure taxes are ...

Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

Proposition KK would levy a new 6.5 percent excise tax on gunsellers for all sales of ammunition, firearms and gun parts. The money would fund programs for crime victims and behavioral health support ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

LANSING, Mich. (WLNS) — A state Court of Claims judge on Monday denied requests from cannabis businesses and a trade group to immediately halt Michigan’s new 24% excise tax on marijuana, concluding ...

If you missed the deadline for taking your 2023 required minimum distribution from your inherited IRA, you owe the IRS an excise tax of 25% of the shortfall. If the deadline was missed because of a ...