Tax reform, commonly referred to as the Tax Cuts and Jobs Act (TCJA), provides several tax-planning opportunities for wineries and vineyards. Below are some of the key federal tax changes impacting these industries as well the potential impact on business owners. While these are federal tax changes, it’s also important to consider state tax rules, which don’t always conform to federal changes. C Corporation Tax Rate The C corporation tax rate decreased to a flat rate of 21 percent...