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Superfund Tax Update – Are You Ready for the July 1 Effective Date?
Keyword(s)
Superfund tax, Internal Revenue Service (IRS)
NACD Webinar originally recorded on June 29, 2022. Content prepared and presented by Douglas Charnas of McGlinchey
Stafford PLLC.
Publisher
NACD Regulatory
Description
The Superfund tax takes effect on July 1, 2022, and the first deposits are due to the Internal Revenue Service (IRS) on July 29, 2022. With these impending deadlines, chemical distributors have numerous questions about this tax, including the information needed to figure out their obligations, what must be reported to the IRS, and whether the tax can be passed along to customers. The IRS has released initial limited guidance with more on the way.