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 ...

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 ...

The IRS has issued final regulations that provide taxpayers and tax professionals with guidance on how to report and pay the excise tax owed on corporate stock repurchases. Congress created a new tax ...