WASHINGTON, April 13 -- Internal Revenue Service has issued a proposed rule called: Excise Tax on Remittance Transfers.
The proposed rule was published in the Federal Register on April 13 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document contains proposed regulations that would provide rules and definitions related to the excise tax imposed on certain remittance transfers that occur after December 31, 2025. The proposed regulations would affect certain remittance transfer providers and certain individuals sending remittance transfers.
For more information, contact Concerning the proposed regulations, Julia Barlow of the Office of the Associate Chief Counsel (Energy, Credits, and Excise Tax), 202/317-6855 (not a toll-...