Information Collected in Support of Wine Producer Tax Credit Transfers (TTB REC 5120/11)

Under the Internal Revenue Code (IRC) at 26 U.S.C. 5041(c), importers and domestic producers may take certain tax credits on specified quantities of wine, including hard cider, imported or removed from their premises during a calendar year. In addition, under that IRC section, domestic producers may transfer their wine tax credits to other bonded premises ("transferees") that store their wine and ship it on their instructions, provided that the producer supplies such transferees with the information necessary to properly determine the transferee’s allowable tax credits. Under that IRC authority, the Alcohol and Tobacco Tax and Trade Bureau (TTB) regulations in 27 CFR part 24 require wine producers to provide such transferees with a written record containing certain information regarding the producer, transferee, the wine, its tax rate, its removal, and the tax credits involved. The required information may be supplied and maintained using usual and customary business records such as shipping invoices. The required information is necessary to ensure that the IRC provisions regarding wine producer tax credits and their transfer are properly applied.

The latest form for Information Collected in Support of Wine Producer Tax Credit Transfers (TTB REC 5120/11) expires 2028-11-30 and can be found here.