By Naveen Athrappully The Internal Revenue Service and the Department of the Treasury proposed regulations on Friday regarding the new excise tax, established under the One Big Beautiful Bill Act, on certain remittances made abroad. “Beginning Jan. 1, 2026, a 1 percent remittance transfer tax applies to remittances sent from the United States to recipients […]
Tag: Internal Revenue Service (IRS)
The Internal Revenue Service is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States.
