OBBBA's 1% Transfer Excise Tax - 0.2 CPE nonresident Alien or business exit strategies

or business exit strategies

NASBA CPA Publication Date: 4/22/2026 Instructional Delivery Method: Self-Study  Level:  Intermediate Prerequisites: None Advanced Preparation: No Advanced Preparation Required Author: Lee Reams

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IRA losses under OBBBA

OBBBA's 1% Transfer Excise Tax - 0.2 CPE nonresident Alien or business exit strategiesBeginning in 2026, certain outbound remittance transfers may be subject to a new 1% excise tax under the One Big Beautiful Bill Act (OBBBA). While the tax may appear modest on individual transactions, it can create significant compliance and cost implications for businesses that regularly make international payments. Learning Objective Analyze how the OBBBA's 1% transfer excise tax applies to outbound remittance transfers and identify available