complete guide building your home brewery pdf

Unless prepaid, beer removed for taxable purposes must be filed and paid on a semi-monthly basis on TTB F 5000.24 Excise Tax Return. Semi-Monthly Tax Returns (TTB F 5000.24).Download TTB F 5000.24 Excise Tax Return. You may file paper returns or electronically using Pay.gov (recommended). Brewers must calculate the amount of tax reported on Line 11 of this form using the net taxable removals during the return period (removals for consumption or sale minus beer returned to the brewery during the same return period). You may file quarterly tax returns if you were liable for $50,000 or less in beer excise taxes in the preceding calendar year and reasonably expect to be liable for not more than $50,000 during the current calendar year filed.

You may file annual tax returns if you were liable for $1,000 or less in beer excise taxes in the preceding calendar year and reasonably expect to be liable for not more than $1,000 during the current calendar year filed. Your obligation as a taxpayer will depend on your circumstances and business type. As a TTB-regulated industry member, you may be responsible for paying federal excise taxes.

Complete guide building your home brewery pdf