Information on 2017 Changes to Bond and Excise Tax Filing Requirements for the Alcohol Industry
As of January 1, 2017, if you are the proprietor of a brewery, distilled spirits plant, or winery owing not more than $50,000 in excise taxes in the previous year, and you expect to owe not more than $50,000 in excise taxes in the current year on beer, distilled spirits, or wine, you may no longer be required to hold a bond.
In addition, if you owed not more than $1,000 in excise taxes the previous year and expect to owe not more than $1,000 in the current year, you will be eligible to file your excise taxes annually, rather than semi-monthly or quarterly.
Please see the links below for the latest information on TTB's implementation of these changes.
Changes to Certain Alcohol-Related Regulations Governing Bond Requirements and Tax Return Filing Periods (01/04/2017)
Statutory Amendments Affecting Excise Tax Due Dates and Bond Requirements for Eligible Taxpayers Become Effective; TTB Regulations To Be Published Soon (12/30/2016)
TTB Industry Circular 2016-2, Internal Revenue Code Amendments Eliminating Bond Requirements and Adding Annual Tax Return Periods for Eligible Alcohol Taxpayers
Temporary Rule (T.D. TTB–146): Changes to Certain Regulations Governing Bond Requirements and Tax Return Filing Periods
Notice of Proposed Rulemaking (Notice No. 167): Changes to Certain Alcohol-Related Regulations Governing Bond Requirements and Tax Return Filing Periods