This Little-Known Tax Loophole Qualifies Certain Bars And Restaurants For An Immediate Refund

Forbes interviews Weaver’s Shane Stewart, Partner-in-Charge of State and Local Tax Services, and Sean Muller, National Tax Practice Leader, regarding tax impact of to-go alcohol sales.

• If you’ve bought or sold an alcoholic beverage to-go from a bar or restaurant in a state that’s made an emergency accommodation to allow these drink sales during the pandemic, you may qualify for an immediate tax refund.“Any restaurant or bar that historically has been banned from selling drinks to-go has an opportunity for savings,” says Sean Muller, national practice leader for tax services for the Texas-based Weaver accounting firm, who recommends asking an accountant about filing for a refund if there’s been an overpayment.

Read the entire Forbes article and interview with Shane and Sean.

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