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

Forbes contributors publish independent expert analyses and insights. Carrie Brandon Elliot analyzes international tax issues. Since January 1, remittance transfer providers have been required to ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.

A new federal tax quietly took effect on January 1, 2026, and millions of Americans who regularly send money abroad may not even know it applies to them. S. remittance tax is a 1% federal excise tax ...