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By Dwight Mersereau and Kevin Spencer on Aug 14, 2014
Posted In Alcohol Excise Taxes, Distribution
The Internal Revenue Service (IRS) recently issued final regulations (the Repair Regulations) that determine when taxpayers may deduct costs to acquire, produce or maintain tangible property, including all equipment and buildings. The Repair Regulations apply to all taxpayers, including brewers of all sizes. Taxpayers must follow these new rules in 2014, which generally will require...