Wine Spectator: Small Wineries Hoping for Tax Cuts Face Massive Tax Hikes Instead

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Ken Zinns
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Wine Spectator: Small Wineries Hoping for Tax Cuts Face Massive Tax Hikes Instead

#1 Post by Ken Zinns » May 11th, 2018, 7:42 pm

Sounds like this is a real mess and could be a big problem for a lot of small wineries if things don't get resolved soon.
Small Wineries Hoping for Tax Cuts Face Massive Tax Hikes Instead
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ericleehall
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Wine Spectator: Small Wineries Hoping for Tax Cuts Face Massive Tax Hikes Instead

#2 Post by ericleehall » May 11th, 2018, 8:25 pm

I should point out that this apparent error only applies to winery operations who don't have their own winery, or who transfer their wines in bond to a bonded storage facility.
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Ken Zinns
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Wine Spectator: Small Wineries Hoping for Tax Cuts Face Massive Tax Hikes Instead

#3 Post by Ken Zinns » May 11th, 2018, 8:33 pm

ericleehall wrote:I should point out that this apparent error only applies to winery operations who don't have their own winery, or who transfer their wines in bond to a bonded storage facility.
True, but these issues are the case with many smaller producers.
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Ed Kurtzman
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Wine Spectator: Small Wineries Hoping for Tax Cuts Face Massive Tax Hikes Instead

#4 Post by Ed Kurtzman » May 11th, 2018, 8:41 pm

This seems like a paperwork headache for lots of small wineries. I prefer to ship all of our wine tax paid to the warehouse where we store. I believe we can take advantage of the new tax credit this way.

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ericleehall
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Wine Spectator: Small Wineries Hoping for Tax Cuts Face Massive Tax Hikes Instead

#5 Post by ericleehall » May 11th, 2018, 8:47 pm

Ed Kurtzman wrote:This seems like a paperwork headache for lots of small wineries. I prefer to ship all of our wine tax paid to the warehouse where we store. I believe we can take advantage of the new tax credit this way.
I do the same thing, and have been told that this issue does not apply to me.
All for the Love of Pinot!
www.roadhousewinery.com

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