Monthly Archives: July 2024

  • 02
    Jul 24
  • 0

Final regs. issued for 1% excise tax on corporate stock repurchases

Category:Uncategorized

The final regulations provide guidance regarding the reporting and payment of the excise tax on repurchases of corporate stock made after Dec. 31, 2022.
Source: JOA News
Read More here – Final regs. issued for 1% excise tax on corporate stock repurchases

  • 01
    Jul 24
  • 0

IRS issues final regs. on reporting requirements for digital assets

Category:Uncategorized

The final regulations require custodial brokers to report transactions on Form 1099-DA, which the IRS will release soon. A different set of final regulations with rules for decentralized, or noncustodial, brokers will be issued later.
Source: JOA News
Read More here – IRS issues final regs. on reporting requirements for digital assets

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