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Understanding The Stock Buyback Excise Tax – Tax Authorities

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As part of the Inflation Reduction Act (P.L. 117-169), Congress
introduced a 1% excise tax on all stock buybacks occurring after
December 31, 2022. However, Internal Revenue Code section 4501,
which imposes the excise tax, left many questions unanswered. On
December 27, 2022, Treasury issued Notice 2023-2, clarifying some of these
uncertainties.

Ivins, Phillips & Barker has prepared a presentation on
Notice 2023-2 and the stock buyback excise tax, available here.Please contact a member of our
Tax team if you have any questions.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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