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Internal Revenue Code (IRC) Breweries

McDermott Will & Emery

An End-of-Year Review of TTB Tax Audits and Enforcement

McDermott Will & Emery on

We have updated and republished this March 2024 blog post for a year-end summary. The Alcohol and Tobacco Tax and Trade Bureau’s (TTB) Office of Field Operations is responsible for ensuring industry members comply with...more

Bowditch & Dewey

How Can a Craft Brewer Use the Tax Code to Help with Cash Flow?

Bowditch & Dewey on

Breweries can turn to the Internal Revenue Code to help with cash flow in these difficult times. Section 165(i) of the Internal Revenue Code allows a taxpayer to deduct any loss occurring in a “disaster area” and attributable...more

Smith Anderson

Draft North Carolina Tax Legislation Released

Smith Anderson on

On April 11, 2018, the General Assembly’s Revenue Laws Study Committee released a draft tax bill for possible introduction in the legislative session that convenes May 16. This Alert provides a summary of the more important...more

McDermott Will & Emery

Excise Tax Relief for Breweries, Wineries and Distilleries

McDermott Will & Emery on

The new tax law formerly referred to as the Tax Cuts and Jobs Act of 2017, provides a temporary reduction in alcohol beverage excise taxes for US brewers, winemakers, distillers and beverage importers. Temporary tax relief is...more

Pillsbury Winthrop Shaw Pittman LLP

Take a Bite Out of Taxation: The Core Issues of the CIDER Act

Interest in, and consumption of, hard cider is on an upswing in the United States. The hard cider market grew by 71 percent in 2014 with total cider sales jumping from just $78 million in 2011 to $470 million for the 52 weeks...more

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