 Internal Revenue Service IRS Tax News, Treasury IRS Issue Guidance on Corporate Stock Purchase Excise Tax in Advance of Fourth Coming Regulations, but first a joke. I swear this entire new gender identification thing is just some kind of academia, 136th Wave Feminist Deconstructivist movement to make men call themselves Sissies. Oh Sissie! Ugh! I'm telling you! No, no, no. I'm telling you guys. It's just like when some bully makes you punch yourself in the face and then they're like, why you punching yourself in the face? Ha ha ha! Stop hitting yourself! Take what? Stop hitting yourself! Stop hitting yourself! Stop hitting yourself! Ow! I mean these academia 136th Wave Feminist Deconstructivists are like, why are you calling yourself a Sissie? Ha ha ha! You Sissie! And it's like, why did I call myself a Sissie? Because the only other choices on the online application form were like transgender and non-binary for crying out loud. I mean the application form wouldn't let me continue without choosing an option. But this isn't a presidential release of prisoner form. Those are blue. Oh, I'll stay here. You forced me to call myself a Siss, dang it. And they're like, whatever Sissie, I bet you like hitting yourself in the face too, ha ha ha. I'm telling you, those sneaky 136th Wave Feminist Deconstructivists, I mean they act like they're including some large spectrum of gender identity. But on the application, they only let you just cross over the line of possibly being a man. They're like, you can be a man, but you have to just barely be over the center point to Sissie man. Excuse me, but if we're making up spectrum of gender characteristics, I don't think Sissie man should be like the end point of the male side of the spectrum. I think the spectrum can, I want to be self-identified as Rambo, which should be acceptable, given the fact that realism doesn't seem to be a thing with these self-identification processes. Dang, academia 136th Wave Feminist Deconstructivists. I mean think about it, in normal life, if someone called you a Siss, you'd think they were picking a fight. Would you not? It would be a perfectly reasonable assumption. Your grandfather was a thieving bastard, stable boy. What did you say? But then with these job applications, that's like the least offensive choice. Obviously, there's a translation problem here. Hooker! And how dare they? How dare they? Don't they know I'm a privileged patriarchal white male round here for crying out loud? How dare they do this manipulative stuff on the application? No-No says the academia 136th Wave Feminist Deconstructivist. Siss is a perfectly normal term. You're the cruel one for not using it, they say. Just watch me, it's so simple, you sissy Mary. But honestly, I feel like there's some manipulation going on here. Now Bambi, who started that forest fire that killed your mom? I've never heard of the term until like five seconds ago. Oh, for crying out loud. I mean I don't even know what it means. This trial is the biggest load of- I heard that it somehow stands for like the same sex you were presumed at birth. Two bodies sharing the same feet? But even that doesn't make any sense. What does that even mean? I mean, my cousin had a kid just last week with a Johnson that weighed one-third the entire baby's weight. And the doctors still refuse to identify the gender at birth. So like how can siss mean the sex you were presumed at birth if they stop presuming a sex at birth? I'm telling you, they're just trying to make you call yourself a sissy. IR 2022-228 December 27, 2022, Washington. The Treasury Department and the Internal Revenue Service today issued notice 2023-2. There's a link to that here, which provides interim guidance regarding the application of corporate stock repurchase excise tax until the issuance of proposed regulations. The new code section added by the Inflation Reduction Act. Once again, I don't know, do you think they had like inflation reduction in mind when they added this? Because I've been hearing a lot about the Inflation Reduction Act and a lot of it doesn't seem related to inflation. But anyways, the new code section added by the Inflation Reduction Act imposes a 1% excise tax on the aggregate fair market value of stock repurchased by certain corporations during the taxable year subject to adjustments. The Treasury Department and the IRS have issued notice 2023-2 to provide certainty to taxpayers in advance of January 1, 2023, the date on which the new excise tax will apply to stock repurchases. Notice 2023-2 describes certain rules and procedures that the Treasury Department and the IRS intend to include in the forthcoming proposed regulations. Taxpayers may rely upon notice 2023-2 until the issuance of the forthcoming proposed regulations. So this is kind of the interim notice to give guidance until they kind of nail things down. It's my interpretation. Notice 2023-2 also solicits comments on the rules contained in the notice and certain other issues under consideration. The Treasury Department and the IRS recommend that such comments be submitted within 60 days of the date on which the notice is published in the Internal Revenue Bulletin. So you can comment on them. Maybe you want to ask, you know, how some of the stuff that's under the Inflation Reduction Act relates to inflation reduction and why they keep on giving these misleading kind of titles that don't seem to represent anything that's actually inside the bill that they're passing because it's confusing. It seems really manipulative and whatever. In any case, there's a link to that notice here. If you want to check it out and there'll be a link to this in the description.