TTB meaning in Income Tax ?

Answer:

What is Tax and Trade Bureau mean?

The Alcohol and Tobacco Tax and Trade Bureau, statutorily named the Tax and Trade Bureau and frequently shortened to TTB, is a bureau of the United States Department of the Treasury, which regulates and collects taxes on trade and imports of alcohol, tobacco, and firearms within the United States.

TTB was created on January 24, 2003, when the Homeland Security Act of 2002 split the Bureau of Alcohol, Tobacco and Firearms (ATF) into two new organizations with separate functions. Specifically, the Act transferred ATF and its law enforcement functions from the Department of the Treasury to the Department of Justice. ATF's other functions, dealing with tax collection and regulation of legitimate trade, remained within the Treasury Department and became part of the new TTB.

TTB's Field Operations are organized into five divisions:

National Revenue Center: reconciles returns, reports, and claims; screens applications and promptly issues permits; and provides expert technical assistance for industry, the public and government agencies to ensure fair and proper revenue collection and public safety.Risk Management: develops, implements, and maintains monitoring programs for collecting the revenue due the Federal Government and protecting the public, and ensures resources are effectively used.Tax Audit: verifies the proper payment of alcohol, tobacco, firearms and ammunition excise taxes and ensures compliance with laws and regulations by taxpayers in a manner that protects the revenue, protects the consumer, and promotes voluntary compliance.Trade Investigations: comprises investigators who ensure industry compliance with the laws and regulations administered by the TTB.Tobacco Enforcement Division: protects the revenue and promotes voluntary compliance by monitoring the domestic tobacco trade, ensuring only qualified applicants enter the tobacco trade, ensuring compliance with the tax laws relating to tobacco, and facilitating TTB's enforcement functions in cases of non-compliance.

The Advertising, Labeling, and Formulation Division (ALFD) implements and enforces a broad range of statutory and compliance provisions of the Internal Revenue Code and the Federal Alcohol Administration Act. This act requires importers and bottlers of beverage alcohol to obtain certificates of label approval or certificates of exemption from label approval (COLAs) for most alcohol beverages prior to their introduction into interstate commerce. ALFD acts on these COLAs to ensure that products are labeled in accordance with federal laws and regulations. ALFD also examines formulas for wine and distilled spirits, statements of process, and pre-import applications filed by importers and proprietors of domestic distilleries, wineries, and breweries for proper tax classification and to ensure that the products are manufactured in accordance with federal laws and regulations.

reference

Full Form	Category
Turkish Medical Association	Academic & Science
Türk Tabipleri Birliği	Academic & Science
Tortoli	Airport Code
Tax Trade Bureau	Business
Thompson Total Branding	Business
Things That Break	Business
Twin Traction Beam	Business
Trade Testing Board	Business
Through The Book	Community
The Throwback Baby	Community
Tibet Tourism Bureau	Community
Thru the Bible	Community
Tedeschi Trucks Band	Community
Through the Bible	Community
Traduction Table	Computing
Teletext Browser	Computing
Time To Best	Computing
Trigger Test Board	Computing
Telegraph and Telephone Board	Computing
Tri Teflon Borax	Computing
Three Through Back	General
Third Trimester Bleeding	General
Tetragonal Tungsten Bronze	General
The Terrible Beast	General
Tasty Tasty Beer	General
Telephone Terminal Board	General
Talley Turner Bertman	General
The Tempest Box	General
Ticking Time Bomb	General
Toes To Bar	General
Take The Bottle	General
Time To Brake	General
Twin Throttle Body	General
Temporary Traffic Barrier	General
Tom Tom Bridge	General
Terminal Transfer Bus	General
Tres Tres Beau (French coin grade equivalent to Very Fine)	General
Tres Tres Beau	General
Tacky Tiara Brigade	General
The Three Broomsticks	General
Tulsa Tube Bending	General
Team T Bag	General
Time To Boxes	General
Traction Towing Bar	General
Tobbacco Tax and Trade Bureau	Governmental
Tax and Trade Bureau	Income Tax
TITABAR	Indian Railway Station
TüRk Tabipleri Birligi	International
T?T?k Tabipleri Birligi	International
Techno Talking Babe	Messaging
Take The Bullet	Military and Defence
Transportation Terminal Battalion	Military and Defence
Time To Bomb	Military and Defence
Torpedo Tube Battery	Military and Defence
Tortoli, Italy	Regional
Tandem To Booster	Space Science
Time- Tagged Buffer	Space Science
Technology To Business	Technology