TTB reminder: Extra semi-monthly excise tax periods, five due dates in September 2020
TTB reminder: Extra semi-monthly excise tax periods
The U.S. Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) issued a reminder to semi-monthly excise tax return filers that there are three excise tax return periods and five due dates in September 2020.
According to the TTB release, there are typically three return periods in September, but in September 2020—because due dates were postponed 90 days as a result of relief provided in response to the coronavirus (COVID-19) pandemic—there are also two additional due dates. TTB explained that this change only affects alcohol and tobacco taxpayers that file and pay on a semi-monthly basis (and not those that file and pay quarterly or annually).
For more information, contact a tax professional with KPMG’s Excise Tax Practice group:
Taylor Cortright | +1 (202) 533 6188 | email@example.com
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