Tag: tax

Significant Tax Credits for the Alcoholic Beverage Industry

Late last year, the President signed the Taxpayer Certainty and Disaster Tax Act of 2020, which made most of the Craft Beverage Modernization and Tax Reform Act (“CBMTRA”) provisions permanent starting January 1, 2021. The CBMTRA makes extensive changes to the federal excise taxes on wine, distilled spirits, and beer.… Continue Reading

TTB Will Consider Penalty Waivers for Late Payment of Excise Taxes By Businesses Impacted by Northern California Earthquake

By Susan Johnson on August 27, 2014 Posted in California Wine Issues

The Alcohol and Tobacco Tax and Trade Bureau (TTB) issued a notice yesterday stating that it will consider waiving – on a case-by-case basis – late filing, payment or deposit penalties for taxpayers unable to file payment of Federal excise taxes due to the August 24, 2014, Northern California earthquake. Text of the statement follows … Continue Reading

Initial Public Forums on Washington’s Initiative 502 Draw Large Crowds

By Claire Mitchell on January 25, 2013 Posted in Initiative 502

This week, the Washington State Liquor Control Board (WSLCB) held the first two of six public forums it intends to host across Washington State regarding the implementation of Initiative 502. The first forum was held at the WSLCB Headquarters in Olympia on Tuesday night. According to news reports, hundreds of people flocked to the event … Continue Reading

Washington State Liquor Control Board to Regulate Marijuana Following Passage of Initiative 502

By Claire Mitchell on November 8, 2012 Posted in Legislation

Co-authored by Susan Johnson and Stephanie Meier Earlier this week, Washington Initiative 502 (I-502), a marijuana law reform measure which appeared on the November 2012 general ballot, won the popular vote passing by a margin of approximately 55% to 45%. As a result, beginning on December 6, 2012, the initiative that is now law will … Continue Reading

TTB Addresses Label Approval Issues

By Bernie Kipp on July 19, 2012 Posted in State & Federal Beverage Licenses/Permits, Wine Law

The Alcohol and Tobacco Tax and Trade Bureau (TTB) has experienced some difficult times in the last several years due to reduced staffing and declining budgets. These factors have made it difficult for the agency to accomplish two of its major functions; Permitting and Approving Labels. TTB has attempted to address the Label Approval issue … Continue Reading

IRS Publishes New Audit Technique Guide for Wineries and Vineyards

By Jake W. Storms on June 2, 2011 Posted in Alcohol and Liquor, Financing, Wine Law

The IRS recently issued a new Audit Technique Guide (“ATG”, available here) applicable to winery and vineyard operations. As with previous IRS guidance, the new ATG is meant to be used by IRS examiners; however the IRS anticipates the industry will rely upon the publication as a guide. It should be noted, the ATG should not … Continue Reading