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TTB NEWSLETTER | Weekly News

February 23, 2018


IN THIS ISSUE

Greetings! This week's top news includes two new grape varieties that have been approved for use on American wine labels, an upcoming webinar on how to use Formulas Online, two recent offers in compromise accepted from a tobacco and a firearms company, and an IRS notice of proposed rulemaking regarding eliminating certain IRS regulations deemed unnecessary.

L'ACADIE BLANC AND SCHIAVA GROSSA GRAPE VARIETIES APPROVED FOR DESIGNATING AMERICAN WINE

We recently granted administrative approval for the use of two new grape variety names on American wine labels:  L'Acadie blanc and Schiava Grossa.  Wine bottlers may use these names, as well as others granted administrative approval, to label American wines pending the results of our next rulemaking to revise the list found in 27 CFR 4.91 of grape variety names approved for use in designating American wines.

Visit our American Grape Variety Names page at TTB.gov for additional information about the regulation of grape variety names.

TTB WEBINAR: WHAT YOU NEED TO KNOW ABOUT USING FORMULAS ONLINE

Date: Wednesday, February 28, 2018

Time: 2 – 3 p.m. ET

Register for this webinar and become an expert at how to use Formulas Online. Learn what TTB looks for when registering and how to use the system to submit a beverage alcohol formula. This webinar will cover the most important aspects of using Formulas Online for beverage alcohol formulas.

Topics will include how to:

  • Register for Formulas Online and COLAs Online
  • Modify an existing user account
  • Navigate and fill out a beverage alcohol formula
  • Submit your beverage alcohol formula

Spaces are filling up fast, so register now by submitting an email to Formulas_Online@ttb.gov.

TTB ACCEPTS OFFERS IN COMPROMISE FROM TOBACCO INDUSTRY MEMBER AND FIREARMS MANUFACTURER

We have accepted an offer in compromise from Don Francisco Cigars, LLC of East Brunswick, New Jersey, for allegedly failing to timely file and pay federal excise tax.  We also accepted a $506,000 offer in compromise from Tracking Point Inc. of Pflugerville, Texas, for failing to pay federal excise tax on all firearms sold.

IRS NOTICE OF PROPOSED RULEMAKING: ELIMINATING UNNECESSARY TAX REGULATIONS

SOURCE: Federal Register / Vol. 83, No. 32 / Thursday, February 15, 2018 / Proposed Rules

AGENCY: Internal Revenue Service (IRS), Treasury

ACTION: Notice of proposed rulemaking

SUMMARY: Pursuant to the policies stated in Executive Orders 13777 and 13789 (the executive orders), the Treasury Department and the IRS conducted a review of existing regulations, with the goal of reducing regulatory burden for taxpayers by revoking or revising existing tax regulations that meet the criteria set forth in the executive orders.  This notice of proposed rulemaking proposes to streamline IRS regulations by removing 298 regulations that are no longer necessary because they do not have any current or future applicability under the Internal Revenue Code (Code) and by amending 79 regulations to reflect the proposed removal of the 298 regulations. The proposed removal and amendment of these regulations may affect various categories of taxpayers.

DATES: Written or electronic comments and requests for a public hearing must be received by May 14, 2018.

For more information, read the notice:  Eliminating Unnecessary Tax Regulations (REG-132197-17).

 

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