Entries by Tax Attorney

All Federal “Simple” Cannabis Possession Convictions to be Pardoned by President Biden

President Joe Biden announced on October 6, 2022 that he will pardon all prior federal offenses of simple cannabis possession. Under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the historical belief that it has a high potential for abuse, no currently accepted medical […]

Governor Newsom Signs Ten Cannabis Bills Permitting Interstate Commerce, Employment Protections and Expunging Records

On September 19, 2022, Governor Gavin Newsom signed several measures to strengthen California’s cannabis laws, expand the legal cannabis market and redress the harms of cannabis prohibition. In a press release issued by his office, Newsom stated “For too many Californians, the promise of cannabis legalization remains out of reach. These measures build on the […]

IRS Provides Tax Relief For Hurricane Ian Victims in the Carolinas

IRS Provides Tax Relief For Hurricane Ian Victims in the Carolinas The IRS announced on October 5, 2022 that Hurricane Ian victims throughout both North Carolina and South Carolina now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments. This comes after the IRS announced on September […]

How the Inflation Reduction Act is Overhauling the IRS into “Beast Mode”

How the Inflation Reduction Act is Overhauling the IRS into “Beast Mode” Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding. Speaking at an IRS facility in New Carrollton, Maryland on September 15, 2022, Treasury Secretary Janet Yellen stated that “the Inflation Reduction Act finally provides the funding to transform the […]

IRS Announces New COVID Tax Relief!

IRS Announces New COVID Tax Relief! IRS providing broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic with $1.2 billion in penalties being refunded to 1.6 million taxpayers. On August 24, 2022 the Internal Revenue Service issued Notice 2022-36, 2021-15 I.R.B. 986 to help struggling taxpayers affected by the COVID-19 pandemic […]

How Missouri Is Faring With Tax Relief And Cannabis Reform

How Missouri Is Faring With Tax Relief And Cannabis Reform This month the “Show-Me State” is receiving tax relief and will include a referendum this November for Missouri voters to approve adult-use cannabis in Missouri. The IRS announced on August 10, 2022 that flooding victims in parts of Missouri now have until November 15, 2022 […]