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Alcohol Taxation: Cheers to the New Tax Bill

Date: Thursday, May 17, 2018
Time: 1:00 - 2:00 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

 

Gain a clearer understanding of the key tax reform provisions regarding federal alcohol excise taxes and how alcohol producers are affected.

Many producers, importers, and distributors of alcohol beverages (beer, wine, distilled spirits) are processing the legislative changes made by H.R. 1, (tax reform) specific to the beverage industry. This topic helps the persons responsible for federal alcohol excise tax and income taxes understand the nuances of the recent changes.

The material also explains the practical aspects of these changes, new compliance requirements and potential opportunities for reduced rate of tax and revised credits. Failing to understand these changes may lead to overpayment of tax, TTB compliance risks, and potential missed opportunities. This information is critical for ensuring alcoholic beverage companies are current with the new laws and TTB guidance.

Learning Objectives:

  • You will be able to identify the unique concepts regarding federal alcohol excise taxes.
  • You will be able to explain the key tax reform provisions affecting beer.
  • You will be able to explain the key tax reform provisions affecting distilled spirits.
  • You will be able to explain the tax reform provisions relating to simplification of accounting methods for small businesses.

This Live Webinar Covers These Hot Issues:

Tax Reform – Big Picture

  • Review of Tax Reform Legislative Process
  • Highlights of H.R 1
  • Cornerstone Provisions of H.R. 1

Federal Excise Tax Reform

  • Overview of General Federal Alcohol Excise Tax Rules and Principles
  • Tax Reform for Beer
  • Tax Reform for Wine
  • Tax Reform for Distilled Spirits

Income Tax and Accounting Tax Reform

  • Interest Capitalization
  • Simplification of Small Business Accounting Methods

Credit Information (Sponsored by Lorman Education Services):

  • CPE
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty:

Taylor Cortright, KPMG LLP

  • Co-leader of Federal Excise Tax practice in the Washington National Tax office of KPMG
  • Practice emphasizes all aspects of federal excise tax, including alcohol, tobacco, firearms, conventional and renewable fuels, air transportation, foreign insurance, and health care taxes
  • Conducts regular seminars and workshops on numerous federal excise taxes, including American Bar Association, KPMG Institutes, and national KPMG continuing professional education courses
  • Former senior attorney at IRS Office of Chief Counsel, Excise Tax Branch
  • Author of numerous U.S. Treasury Department federal excise tax regulations, rulings, and guidance
  • Author of federal excise tax publications in BNA, AICPA Tax Adviser, and What’s News in Tax
  • J.D. degree, University of Oklahoma; LL.M. degree in taxation, with distinction, Georgetown University
  • Licensed attorney in District of Columbia and Oklahoma
  • Can be contacted at tcortright@kpmg.com or 202-533-6188

Catherine Fitzpatrick, KPMG LLP

  • Managing director in the Washington National Tax office of KPMG
  • Practice emphasizes all areas of tax accounting methods and periods, including the areas of capitalization under sections 263(a) and 263A, timing of income and deductions, inventories and depreciation
  • Developed and teaches at national KPMG continuing professional education courses
  • Regularly speaks at conferences and seminars, including Tax Executives Institutes and American Bar Association
  • Author of articles on tax accounting issues and depreciation for various publications, including the Journal of Taxation, The Tax Adviser, and What’s News in Tax
  • M.S. degree in taxation, B.S. degree in accountancy, Villanova University
  • Member of the American Institute of Certified Public Accountants and Maryland Association of Certified Public Accountants
  • Certified Public Accountant in Maryland and the District of Columbia
  • Can be contacted at cfitzpatrick@kpmg.com or 202-533-3168

Deborah Gordon, KPMG LLP

  • Co-leader of Federal Excise Tax practice in the Washington National Tax office of KPMG
  • Practice emphasizes all aspects of federal excise tax, including alcohol, tobacco, firearms, conventional and renewable fuels, air transportation, foreign insurance, and health care taxes
  • Conducts regular seminars and workshops on numerous federal excise taxes, including American Bar Association, KPMG Institutes, and national KPMG continuing professional education courses
  • Former senior attorney at IRS Office of Chief Counsel, Excise Tax Branch
  • Author of numerous U.S. Treasury Department federal excise tax regulations, rulings, and guidance
  • Author of federal excise tax publications in BNA, AICPA Tax Adviser, and What’s News in Tax
  • J.D. degree, magna cum laude, State University of New York at Buffalo; LL.M. degree in taxation, New York University
  • Licensed attorney in New York and Massachusetts
  • Can be contacted at dkgordon@kpmg.com or 202-533-5965

(Not available outside the US)