TTB: Get Your House in Order

Dear Client:The U.S. Tax and Trade Bureau (TTB), which is the federal agency charged with regulating and taxing interstate bev-alc sales and distributors, issued an industry circular last week basically saying, in our words, "Hey guys, after 75 years, we woke up and are shocked, shocked to find that there are a lot of trade practice violations going on out there, and we're starting to open up cans of whoopass." Or something to that effect.The circular goes on to chronicle