Cash-funded outbound transfers face a 1% remittance tax under IRC §4475. Who pays, exemptions for cards/bank transfers and questions about crypto or foreign accounts.

Do you effect transfers of funds for US residents to recipients abroad? If so, you should review the provision of the “One Big Beautiful Bill Act” (“OBBBA”) that imposes a new excise tax on ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A clerk processes a customer's remittance in Tegucigalpa, Honduras. The Internal Revenue Service and the Treasury Department released a set of proposed regulations Friday on a new excise tax under the ...

President Trump has famously said that “‘tariffs’ is the most beautiful word to me in the dictionary.” [1] As financial service firms know, the Administration’s tariff policy has not been limited to ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

A customer places an order online and selects COD as their payment method. The seller ships the order through a courier partner. The courier partner delivers the order to the customer. The courier ...