Tax Cuts and Jobs Act, U.S. Treasury, Excise Tax

Client Alert: The Senate’s Other Big Beautiful Bill – Notable Changes to the House Version

Whiteford on 6/30/2025

The House of Representatives previously passed H.R. 1-119th Congress (2025-2026), titled the “One, Big, Beautiful Bill Act” (the “Act”), a budget bill that, among other things, addresses sunsetting provisions of the Tax Cuts...more

Treasury and IRS Release Favorable Final Regulations on University Excise Tax

Troutman Pepper Locke on 9/22/2020

On September 18, 2020, the United States Department of the Treasury (“Treasury”) and the Internal Revenue IRS (the “IRS”) issued final regulations (the “Final Regulations”) under section 4968 of the Internal Revenue Code of...more

Proposed Regulations Clarify Application of Excise Tax under Code Section 4960

Verrill on 7/14/2020

Proposed Regulations published by the Treasury Department last month provide helpful clarifications regarding the application of the excise tax under Section 4960 of the Internal Revenue Code of 1986, as amended (the “Code”)....more

Does an Excise Tax Apply When Company Employees Serve as Directors and Officers of the Company Foundation?

Foley & Lardner LLP on 7/9/2020

New proposed IRS regulations clarify that the tax will not apply in most cases when company officers/employees serve as directors and officers of the company foundation for no compensation from the foundation In a prior blog...more

Treasury and IRS issue interim guidance on executive compensation excise tax under section 4960

Eversheds Sutherland (US) LLP on 1/21/2019

On December 31, 2018, the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) issued Notice 2019-09 (Notice) providing comprehensive interim guidance under section 4960 of the Internal...more

Tax Cuts and Jobs Act › U.S. Treasury › Excise Tax

Client Alert: The Senate’s Other Big Beautiful Bill – Notable Changes to the House Version

Treasury and IRS Release Favorable Final Regulations on University Excise Tax

Proposed Regulations Clarify Application of Excise Tax under Code Section 4960

Does an Excise Tax Apply When Company Employees Serve as Directors and Officers of the Company Foundation?

Treasury and IRS issue interim guidance on executive compensation excise tax under section 4960

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