News & Analysis as of

Tax Cuts and Jobs Act › Wine & Alcohol › Tax Credits

McDermott Will & Schulte

How Alcohol Exporters Can Use FDII and IC-DISC to Maximize Tax Savings

McDermott Will & Schulte on

For US alcohol exporters – whether crafting bourbon, brewing craft beer, or bottling fine wines – selling to international markets is a significant opportunity for growth. Two US federal income tax regimes, the...more

Davis Wright Tremaine LLP

Expansion of TTB Wine Excise Tax Credit “Alternate Procedure”

Davis Wright Tremaine LLP on

This advisory is an update to DWT’s prior advisory on the Tax Cuts and Jobs Act of 2017 (the “Act”), dated March 7, 2018. On May 17, 2018 the TTB formally expanded the use of the “alternate procedure” or “transfer by...more

McDermott Will & Schulte

TTB Publishes Additional Tax Act Guidance on 5010 Wine and Flavor Credits

McDermott Will & Schulte on

On March 23, 2018, TTB published additional Tax Act guidance on its website. Three new clarifications address the interaction of the new Tax Act rates/credits with the wine and flavor credits available under 26 U.S.C. § 5010....more

Davis Wright Tremaine LLP

The Tax Cuts and Jobs Act Impacts TTB Wine Tax Rates and Transfers of Excise Tax Credit

Davis Wright Tremaine LLP on

The Tax Cuts and Jobs Act (the “Act”) had significant impacts for the alcohol industry, including changes to tax credits and new taxpayer definitions. Because the Act became effective so quickly after passing, the TTB is...more

4 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide