Excise tax consulting

Helping companies navigate excise tax and uncover opportunities

Simplifying excise tax

Excise taxpayers contend with complex taxing regimes that require detailed reporting. Dependent upon the specific tax, the manufacturer, importer, wholesaler or other respective company must produce accurate calculations and supporting documentation while interpreting often dated guidance and apply it to increasingly challenging data environments. As a result, companies often overpay excise taxes and rely on inefficient compliance processes (e.g., reconciliations, return preparation). Over the past ten years, PwC’s federal and state excise tax professionals have assisted taxpayers in obtaining significant excise tax savings through both refunds and improved compliance processes.

For these companies, PwC can help:

  • implement an integrated excise tax compliance system
  • by providing technical memoranda or opinions
  • by defending them while under audit and represent them during appeals
  • support them during mergers/acquisitions
  • with registrations and permits
  • by performing compliance services
  • reduce risk, and potentially recover overpayments in a complex federal and state excise tax landscape.

Our full-service excise tax consulting capability comes from combining the tax technical depth of our Washington National Tax Services professionals, automation specialization of PwC Advisory and the practical experience of our dedicated excise tax team members. Over the past ten years, PwC’s federal and state excise tax professionals have assisted taxpayers in obtaining significant excise tax refunds.

PwC can help with:
  • Affordable Care Act Excise Taxes (e.g., medical device excise tax)
  • Air Transportation Excise Taxes
  • Beer, Wine and Distilled Spirits Excise Taxes
  • Environmental Excise Taxes
  • Firearms and Ammunition Excise Taxes
  • Heavy Truck and Trailer Excise Taxes
  • Motor Fuel Excise Taxes
  • Ozone Depleting Chemical Excise Taxes
  • Wagering Excise Taxes
  • Tire Excise Taxes
  • Tobacco Excise Taxes
  • Miscellaneous Federal and State Excise Taxes

IRS memorandum provides guidance on scope of ‘wagering’

The IRS Office of Chief Counsel released a legal advice memorandum on August 7 opining that the excise tax on wagers under Section 4401 applies to daily fantasy sports (DFS) operators. While it may not be used or cited as precedent, this guidance represents one of the first IRS interpretations of the excise tax on wagering in the internet age and provides insight into the IRS’ thinking on wagering excise tax.

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Contact us

Andrew Nunes

Partner, PwC US

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