United States
Industry backed legislation passed by Congress to make permanent excise tax rate reductions for craft beer, wine, and distilled spirits.
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 adopted, with minor changes, temporary regulations on alcohol tax filing dates implementing 2015 PATH Act for eligible excise taxpayers.
New TTB FAQ addresses requirements for a winery holding remote wine tastings with customers, including tax, labeling, and container sizes.
TTB issued FAQs providing guidance for refund claims on taxpaid beer for brewers when unmerchantable beer is destroyed during COVID-19.
Notice 2020-32 disallows deductions for expenses paid with loan proceeds from the PPP when loan forgiveness occurs.
TTB has extended its waivers for certain distilleries wishing to produce hand sanitizer through the 2020 calendar year.
Recent guidance extends certain deadlines for LIHTC, WOTC, and Historic Rehabilitation tax credits because of COVID-19.
Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.
New proposed regulations provide helpful examples of business entertainment and meals deductions still permissible after TCJA restrictions.
Three states have prescriptions for opioid taxes on manufacturers and distributors. Here’s what you need to know.
A court found that conclusory statements without additional evidence were insufficient to support an R&D credit study.
The IRS issued interim guidance on the deductibility of certain business meal expenses that are related to entertainment activities.
Changes to excise tax and regulatory requirements related to craft beverages provides significant savings, potential for industry growth.
Investing in omnichannel to reach customers? Consider tax opportunities related to website development and business expansion.
Successful brands use omnichannel strategies to connect with customers. Each channel brings tax issues and opportunities.