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 | firstname.lastname@example.org
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.