IRS Announcement Will Aid Cos. In Buyback Tax Planning

By Xenia Garofalo and Kyle Colonna · July 24, 2023, 4:30 PM EDT

On June 29, the Internal Revenue Service issued Announcement 2023-18, which provides transitional guidance with respect to the stock repurchase excise tax, or "buyback tax," under Section 4501 of the Internal Revenue...

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