New regulations expand the definition of "Research and Experimentation" for wineries.
The Section 179 deduction is upheld for certain vineyard costs.
The Internal Revenue Service (IRS) recently issued a memorandum recognizing the allocation of land costs to an American Viticultural Area (AVA). If such land was acquired after August 10, 1993, the part of the cost attributable to an AVA is an intangible asset which can be amortized over fifteen years.
We created a tool to help you review your winery software expectations and offer a brief survey for users of winery software.