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 tax, and how does it work? Whether you’re a shopper trying to save ...

Small businesses that sell goods or services that incur excise taxes need to file IRS Form 720 quarterly. Many, or all, of the products featured on this page are from our advertising partners who ...

As compared to the situation before the excise tax, consumers see a higher price (cost), and producers see a lower price (revenue). There's no straightforward way to calculate the effect of an ...

It’s the time of year when people are getting their excise taxes in the mail. If you own or lease a vehicle in Massachusetts, you will pay an excise tax each year. The excise rate is calculated ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This How to Note examines the complex interplay between excise taxes on alcohol and alcoholic beverages, their revenue ...

If you missed the deadline for taking your 2023 required minimum distribution from your inherited IRA, you owe the IRS an excise tax of 25% of the shortfall. If the deadline was missed because of ...