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Key Elements of Writing the 5120 17 Form

hey US wineries is Ann Reynolds owner of.wine compliance Alliance here in Napa.California this video is to share with.you that the TTB has now shared with all.of us their new and improved 50 120.point 17 report that of course is what.many of you still like to call the 702.myself I like to call it by its you know.its current form number which is 50 120.point 17 just FYI whatever you hear me.throw that out so this video I'm going.to show you both ways to get at this.form for all of you who are in the paper.filing world if you print this out and.hardcopy.and submit it via snail mail to the TTB.we're also for all of you who use the.online filing platform TTB pay gov to.submit your 51 2017 reports so they've.come out like I said with a new version.of the form and if you've been watching.these videos you know the reason they.needed to do that is yes since January.1st of 2018 your alcohols for your still.lines at your site now that first column.a on 51 2017 report reflects four wines.sixteen point zero percent or below and.column B now lists sixteen percent.twenty one percent alcohol so for the.first time for all of you out there who.are watching this who need to file a.report which is due tomorrow for January.of 2018 I'm going to show you how to do.that.so for one let's take a look at where do.you find the new and improved version of.the fifty one 20s.teen report so if you search TTB gov.forms and you go to all forms you'll.find this list and here they are as you.see they're numerical order so if you.scroll down to 51 2017 first of all.you'll see this guy listed you know the.first one you don't want to use that one.that's the previous version of the form.you want this one as it says for youths.one eighteen through twelve thirty one.nineteen.that up and here you're gonna see me.show you how to fill this guy out so.there it is not over sixteen percent and.over sixteen to twenty one percent.bring myself back as soon as I click on.here I'll disappear off the screen again.anyway so first off you needed to take a.look at all of the wine the in bond wine.sitting it physically at your winery.site again in bond means anyone that you.have not paid federal excise taxes on so.for sure you needed to have taken a look.at all of the bulk wine at your site so.that's all the wine that's sitting there.and tanks and barrels and other kinds of.containers essentially any wine at your.site that hasn't gone into a bottle yet.you would have needed to take a look at.those as well as if you store any.bottled wine at your winery site and any.of it is still in bond you mean.you haven't paid the federal excise.taxes on it you need to look at all of.those wines as well and across the board.you need to have identified any.individual lot of wine that has an.alcohol content from fourteen point one.percent up to sixteen point zero percent.so you need to have identified that.group because it's that group of gallons.you know summing all of those together.you're gonna have to move into the lower.tax class range and show that group of.gallons on your TTB fifty one point.twenty seventeen report so that's again.the first step you have to look at the.individual alcohol content of all the.wines sitting in bond at your winery.site identify that group of gallons for.wines that have an alcohol content from.fourteen point one percent up to sixteen.point zero and some those gallons and.write down that number then you go to.the TTB report so in my example i'm.gonna show you here so in my example say.this winery has five thousand gallons of.each now so for line one you see i've.put 5,000 gallons excuse me on each line.there um.this number always on line one on hand.beginning of period always needs to.match what you put online thirty one of.the most recently filed report so for.all of you who are monthly filers of.this report and you're filling this out.now for your January 2018 report you.need to make sure you look at your you.know pull up the copy of your December.2017 report and whatever numbers you put.in line 31 on handing an end of.inventory on hand end of period excuse.me that you put in these columns excuse.me again sorry about that.you're gonna want to make sure that they.you take the same numbers that you put.on your December step 2017 report on.line 31 and put them here so they match.so don't be confused by the fact that.you're like well you know that's doesn't.these gallons that I paid here don't max.it you know the alcohol content we're.not gonna bother with that for this.initial report where you are moving the.gallons that you need to to this lower.tax class range okay so that's the first.step and then where are you going to.report that group of gallons again.looking at your individual Lots you turn.that one off to looking at those.individual Lots and that group that has.an alcohol content from fourteen point.one percent up to sixteen point zero.percent you can identify those you're.gonna sum their gallons and then on your.TTP report you are going to select.change of tax class line ten you see on.the form if you bring it up on their.website and say for example for my.fictional example here we identified.1700 gallons of wine that had has.alcohol contents 14.12 16.0 that's 1700.gallons we're going to put here because.this section right here lines two.through eleven or four gallons.increasing you know coming in to a.section and then the second step you're.gonna do is you're gonna go down to this.next section this section lines thirteen.through thirty by the way are four.gallons that are going out from a.section so you're gonna again you're.gonna select a dropdown change of tax.class again and you're going to put.those same gallons but in the other.column because they're coming out of.that section.then that's it dad.so again in my fictional example here I.started out with 5,000 as of December.31st 2017 by the 14% cut off alcohol.range cut off I had 5,000 gallons of.each then I took a look at all my.alcohol contents and I assessed that I.had 1700 gallons of wine that has.alcohol contents from 14.1 up to 16.point zero so in my January of 2018.report I'm showing those 1700 gallons.coming in to this lower not over 16%.range and then a little farther down on.line 24 I'm showing the 1700 gallons.going out the higher range and that's.how you show it there so.then the next section I want to show you.here is for all of you who use ttv.pay.gov to file this report so this.again is the electronic filing system.this is the electronic filing system TTB.pay gov which is available to any US.winery and you can use it to file this.the 51 2017 report and you can use this.to file your TTP excise tax report so.let me show you again.for all not again let me show for all of.you who use pay dot gov to file this.report how are you going to find this.form so because here you see I've.already logged in and so then always the.next step is to find the form so you're.gonna put in 50 120 point 17 and then.right after it te MP thats what you want.to search for right there 50 120 point.17 te MP no space click search and then.you see report of wine promise.operations new continue to the form.continue to the form again.and here it is so with the corrections.made to the titles of columns in column.B so again I'll just show you same.example as before drop again on pay or.gov it's the same thing you're gonna.have to click the arrow to bring up this.list of options 1700 gallons there and.then moving down to the lower section.still change of tax class 1700 gallons.again which brings might on hand.oops.to 3,300 and one of the nice things that.I like about paid gov is that it does.the math for you it tote it sums these.total lines which by the way always have.to match so in other words line twelve.needs to match line 32 and if it doesn't.pay up doesn't let you continue on and.submit the report you'll be stopped so.it's one of the things I like about it.but there you go that's how you would do.that on paid gov for all of you who use.pickup to submit this report to move any.of those wine gallons you have in bond.at your site that have alcohol contents.from fourteen point one percent up to.sixteen point zero you're gonna use this.change of tax class in these two.different areas with the numbers.matching for that whatever that some of.those gallons are okay so as always.thanks very much for watching and be.sure and if your local to the Napa area.and you would like to come to a class.where I'll be talking about all of these.ttv updates that impact this 51 2017.report as well as your excise tax.filings that you need to be aware of.make sure you watch my previous video.where I share some information about a.class I'm teaching here in Napa it's.coming up next month in March on a.Wednesday morning from 9:00 till noon.it's being taught at the SBDC offices on.the Napa Valley College campus so I look.forward to seeing you all there you know.stay tuned for more updates.topics.

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5120 17 Form FAQs

Here are some questions along with their answers to clear up the doubts that you might have.

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How can I fill out an improvement exam form for session 17-18 online?

CBSE improvement exam form will available from mid-week of October on CBSE website.Whole process is online only you have to post online filled applications form to CBSE regional office. All The Best

How can I fill out the FY 2015-16 and 2016-17 ITR forms after the 31st of March 2018?

Now you can not file your income tax returns for the financial years 2015-!6& 2016–17. Now you wait for the notices under section 142 or 148 from the income tax department, in compliance which you may filed the returns. If no notice sent by the department you forgate the filing the returns.

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Suppose I am in the 11th class, my age is 17. Can I fill out the form of the NDA?

No, the Minnimum Qualificafion to aplly for NDA exam is that you've Passed Class 12. Though Before the Class 12 Boards the First Nda exam takes place and you can apply for that with letter from your school Stating that You have passed your Class 12 in your School Exams.

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I was selected for a summer internship 2016. I tried to be very open while filling the preference form: I choose many products as my favorite products and I said I'm open about the team I want to join. I even was very open in the location and start date to get host matching interviews (I negotiated the start date in the interview until both me and my host were happy.) You could ask your recruiter to review your form (there are very cool and could help you a lot since they have a bigger experience). Do a search on the potential team. Before the interviews, try to find smart question that you are Continue Reading

What is the ideal time to fill GATE 17 form?

That is impossible to predict the exam date based on the form filling date. So fill the form between the given date as per gate website. http://www.gate.iitr.ernet.in/ Thank You Chetan Kamani

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