KPMG article: Federal excise tax traps for the unwary

Recently observed compliance trends and suggestions to mitigate penalties and interest

Share
July 10, 2025

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.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline