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Bond Amount Question


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Hi folks,

I'm trying to decipher CFR 19 F to figure out what amount to get a unit bond for, and how to divide it up for operations vs. withdrawal.

Here's are a few specific questions:

1) If we're producing product, storing whiskey in barrels and bottling, are we considered a "distiller, warehouseman & processor" or some subset thereof?

2) Does whiskey stored in barrels count as part of operations (i.e. spirits stored), or as part of withdrawal (i.e. tax not yet paid)

3) What exactly does the withdrawal mean? "amount of tax chargeable against bond, not yet paid" - is that stored whiskey, or is it the tax on 2 weeks of production that will build up before we cut them a check?

Thanks for helping clarify this.


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