Everyone involved in a brewery is aware of the excise tax, but few really understand what it is, how it functions, and where it came from. I decided to do an in-depth study of the excise tax to provide a better understanding of this tax overall.
As part of the new tax law signed in late 2017, taxes were supposed to be so simple that “you could fill them out on a postcard”. Well, the IRS has unveiled a draft of the new postcard.