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TTB changes to tax return due dates; removal of bond requirement

January 17, 2017

The TTB amended its regulations to change tax return due dates and remove bond requirements for certain eligible tax payers (T.D. TTB–146).  The amendment authorizes a new annual return period for taxpayers (distilled spirits, wine, and beer) who reasonably expect to be liable for not more than $1,000 in such taxes imposed for the calendar year and who were liable for not more than $1,000 in such taxes in the preceding calendar year.  The amendment also removes the bond requirements for taxpayers who do not reasonably expect to be liable for more than $50,000 in alcohol excise taxes  for the calendar year and were liable for not more than $50,000 in such taxes in  the preceding calendar year. An existing permittee can take advantage of the bond removal amendment by amending its federal permit/registration.

The amendments are effective January 4, 2017.

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