On 9 April 2024, Treasury released two sets of proposed regulations regarding the excise tax on repurchases of corporate stock under section 4501. The proposed regulations were published in the Federal Register on 12 April 2024. Comments are due on the procedural matters by 13 May 2024, but taxpayers have until 11 June 2024 to submit comments on the substantive guidance.
Author
Paula Levy
BrowsingPaula Levy is a partner in the Tax Practice, based in Palo Alto. She has been a member of Baker McKenzie’s Global Tax Practice since 2012.