OBBBA's 1% Transfer Excise Tax - 0.2 CPE nonresident Alien Up to 3 team members

Up to 3 team members with full access to our entire library of self-study courses

and active business commencement standards helps practitioners maximize allowable deductions while maintaining compliance

For information regarding refunds

View sample here

the updated 1099 MISC

OBBBA's 1% Transfer Excise Tax - 0.2 CPE nonresident Alien Up to 3 team membersBeginning in 2026, certain outbound remittance transfers may be subject to a new 1% excise tax under the One Big Beautiful Bill Act (OBBBA). While the tax may appear modest on individual transactions, it can create significant compliance and cost implications for businesses that regularly make international payments. Learning Objective Analyze how the OBBBA's 1% transfer excise tax applies to outbound remittance transfers and identify available