TTB Finalizes Regulations on Annual Alcohol Excise Tax Returns

The Alcohol and Tobacco Tax and Trade Bureau is adopting as permanent a temporary rule that amended its regulations to change excise tax return due dates and remove bond requirements for some taxpayers. The rules, in place since January 2017, allow taxpayers who were liable for $1,000 or less in excise taxes on distilled spirits, wines and beer for the previous calendar year, and expect to be liable for $1,000 or less in excise taxes for the current calendar year, to file returns on an annual basis. TTB is also finalizing the removal of bond requirements for taxpayers that are eligible to pay excise taxes on beer and non-industrial spirits and wine using quarterly or annual return periods.