Temporary Voluntary Disclosure Program Ends on December 31

TTB NEWSLETTER | Weekly News

December 20, 2019

IN THIS ISSUE

Greetings! This week's top news includes information for alcohol taxpayers who will file one annual return for 2019, and a reminder that our Temporary Voluntary Disclosure Program will end at the end of the month.

REMINDER FOR ANNUAL ALCOHOL TAX RETURN FILERS

Taxpayers who are liable for not more than $1,000 in taxes imposed on distilled spirits, wine, and beer for calendar year 2019 (and who were liable for not more than $1,000 in such taxes in calendar year 2018) are eligible to remit those taxes in one annual payment. The due date for filing the 2019 annual tax return and for making payment is January 14, 2020.

We encourage annual filers to review your records and reports early so that you can timely file your return and make payment to avoid penalties and interest.

VOLUNTARY DISCLOSURE PROGRAM FOR UNREPORTED CHANGES IN CONTROL OR PROPRIETORSHIP ENDS DECEMBER 31

Through December 31, 2019, TTB is offering a temporary voluntary disclosure program (see Industry Circular 2019 - 2) to address wholesalers and importers of alcohol beverages who have undergone a change in control (a change in who controls a business) or change in proprietorship (a change in the person or entity that owns a business) but failed to file a new permit application within 30 days of the change, as required by law.

This temporary program provides a streamlined approach that allows eligible wholesalers and importers to simultaneously voluntarily disclose the unreported changes in control or proprietorship and file an application for a new permit while benefiting from the enforcement discretion described in Industry Circular 2019 - 2.

The opportunity to file under the temporary program ends December 31, so we encourage you to take advantage of this program while you still can.

Additional Resource:

Temporary Voluntary Disclosure Program Instructional Videos

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