How does the 2026 remittance excise tax affect transfers from my foreign LLC?
I am a nonresident alien with a U.S. LLC and regularly wire money from the LLC bank account to my personal account in my home country. I have heard that a 1% federal remittance excise tax began in 2026.
Does that tax apply to every international wire? Does an LLC-to-owner distribution count as a covered remittance? What should I record before making transfers?
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