Businesses in the United States have to pay a variety of taxes on the products they sell. The most common example of this is sales tax. But in some cases, companies may also have to pay excise taxes.

The IRS provided relief regarding the new Sec. 4501 1% excise tax on the value of corporate share repurchases by a covered corporation during its tax year, saying Thursday in Announcement 2023-18 that ...

WOBURN — A Billerica man pleaded guilty to six counts of tax evasion for failing to pay more than $250,000 in tobacco excise taxes over three years while he owned A&R Market, located in Belmont.