Stock Contributed News Today

"Covered corporations," generally defined under Section 4501(b) as domestic corporations or publicly traded partnerships that trade on US public markets or an international established securities...

New Section 4501 of the Internal Revenue Code imposes a 1% excise tax on certain corporate stock repurchases or “corporate buybacks” in excess of $1 million in the taxable year.  The...

New Section 4501 of the Internal Revenue Code imposes a 1% excise tax on certain corporate stock repurchases or “corporate buybacks.” The new tax is imposed on the fair market value...