Recorded Webcasts

On March 19, the U.S. Senate released the third round of emergency assistance resulting from the 2020 COVID-19 pandemic.

Act contains broad relief for individuals and businesses; includes funding vehicles, recovery payments, and modifications to TCJA provisions

The final version of Form 941-X Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund has been released by the IRS.

Mandatory paid leave for employees impacted by COVID-19 is set to start April 1, 2020, per new Department of Labor guidance.

TTB has extended its waivers for certain distilleries wishing to produce hand sanitizer through the 2020 calendar year.

New TTB FAQ addresses requirements for a winery holding remote wine tastings with customers, including tax, labeling, and container sizes.

TTB FAQs allowing for the destruction of beer off brewery premises and waiver of notice of intent to destroy were extended through Sept. 1.

TTB issued FAQs providing guidance for refund claims on taxpaid beer for brewers when unmerchantable beer is destroyed during COVID-19.

The IRS has issued updated questions and answers regarding CARES Act employee retention credits for employers impacted by COVID-19.

The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives.

Claimants not entitled to alternative fuel credit after IRS found activity did not qualify, despite issuance of IRS 637 registration.

Guidance permits tax relief for fuel removed from terminals in Milwaukee or Madison and entered into Green Bay terminals through 2021.

IRS released CARES Act FAQs on aviation excise tax holiday. FAQs provide clarification on issues related to jet fuel and ticket tax.

TTB issues new guidance in Q&A format about tax-free withdrawals of distilled spirits and hand sanitizer under the CARES Act.

Industry backed legislation passed by Congress to make permanent excise tax rate reductions for craft beer, wine, and distilled spirits.

TTB adopted, with minor changes, temporary regulations on alcohol tax filing dates implementing 2015 PATH Act for eligible excise taxpayers.

The final Qualified Opportunity Zone regulations include several taxpayer favorable improvements over the proposed regulations.

A court found that conclusory statements without additional evidence were insufficient to support an R&D credit study.

The new Qualified Opportunity Zone regulations answer many questions that favor taxpayers, though some questions remain.

Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.