Mind Body Globe on MSN

Why you'd go broke ignoring new 2026 IRS rules: The 1% excise tax on cash transfers

Starting in 2026, a massive shift in corporate tax compliance is hitting American businesses, and honestly, most people have ...
The Daily Overview on MSN

Ignore the 2026 1% IRS excise tax on cash moves and you could go broke

The new 1% federal excise tax on certain cash and money transfers starting in 2026 is not a nuisance fee you can shrug off. For households that move money across borders, run cash-heavy businesses, or ...

Remittance Tax Arrival Raises Questions And Action Plans

Carrie Brandon Elliot reviews questions and action plans generated by the January 1 effective date of a 1 percent tax on remittances from the U.S. to foreign recipients.
JD Supra

Part 2: The OBBBA Tax Series–What Nonprofits Need to Know About the Excise Tax

This is part 2 of Weintraub’s series covering the major changes from the OBBBA. This follows our initial article where we discussed the no tax on tips and overtime provisions, the SALT deduction, and ...