KPMG article: Federal excise tax traps for the unwary
Recently observed compliance trends and suggestions to mitigate penalties and interest
The U.S. government imposes federal excise taxes that can affect a surprising variety of companies. These taxes include the foreign insurance excise tax, the Patient–Centered Outcomes Research Institute (PCORI) fee, and the relatively new stock repurchase excise tax. Compliance with these taxes can be complicated, creating many traps for the unwary.
Read a June 2025 article* prepared by KPMG LLP tax professionals that discusses recently observed compliance trends to highlight some potential traps and provides suggestions to mitigate penalties and interest.
* This article originally appeared in The Tax Adviser and is provided with permission.