OBBBA's 1% Transfer Excise Tax - 0.2 CPE

Beginning 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 statutory exceptions.

Course Description

This nano-learning course explains the 1% transfer excise tax imposed on certain outbound remittance transfers under the One Big Beautiful Bill Act (OBBBA), including covered transactions, statutory exceptions, compliance requirements, and planning considerations.

Who Will Benefit

Tax and accounting professionals advising businesses with international vendors, foreign contractors, overseas payroll obligations, cross-border payment activities, or remittance transfer compliance responsibilities.

Planning Implications

The new excise tax extends beyond personal remittances and may affect routine business transactions involving foreign suppliers, contractors, and employees. Understanding the available bank account and payment card exceptions, secondary liability provisions, anti-avoidance rules, and documentation requirements can help businesses minimize costs and avoid compliance failures before the law becomes effective.

Author / Instructor

Lee T. Reams, Sr., BSME EA
Lee T. Reams, Sr. is an Enrolled Agent with extensive experience in tax preparation, representation, and advanced tax planning. He is known for helping practitioners apply complex tax rules in real-world client situations.

Course Details

This course qualifies for NASBA continuing professional education credit. CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. 

Prepare Clients for the New International Transfer Tax Rules

Start OBBBA's 1% Transfer Excise Tax and learn how covered transfers, statutory exceptions, funding methods, and compliance obligations may affect international payment strategies beginning in 2026.