It is a false sense of security to think that the COVID-19 pandemic will essentially terminate cannabis enforcement initiatives throughout California. Anyone conducting business in cannabis surely knows that 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 […]
Advantages To Filing A 2020 Tax Return – Getting Money Due To You Most people with gross income of $12,400 or more must file a federal tax return. Some people with a lower income are not required to file. However, these individuals should still consider filing for a refund of federal income tax withheld. They […]
IRS Provides Tax Relief For Victims Of Hurricane Ida The IRS announced on August 31, 2021 that victims of Hurricane Ida that began on August 26, 2021 now have until January 3, 2022 to file various individual and business tax returns and make tax payments. IRS Tax Relief Details The IRS is offering this relief […]
According to a report by the nonpartisan California Legislative Analyst’s Office, California collected about $817 million in adult-use marijuana tax revenue during the 2020-2021 fiscal year, state officials estimated on Monday. That’s 55% more cannabis earnings for state coffers than was generated in the prior fiscal year. Furthermore, the combined excise and cultivation tax revenue for […]
Cryptocurrency / Bitcoin – Is this the 21st century answer to hiding assets in Swiss bank accounts? The IRS thinks this is the case which is why the IRS has stepped up its investigation efforts to uncover non-compliant taxpayers just like the IRS successfully did in its investigation of the Swiss banks leading Congress to enact […]
Outer Space Taxation – Expanding the power of IRS to tax beyond our planet. Planning to go on one of the next flights to space? You may find an extra charge on your bill to the IRS. In a press release issued on July 20, 2021 by U.S. Rep Earl Blumenauer (D-OR), a senior member […]
That’s right. You can become a part of the growing cryptocurrency community by placing a winning bid in a GSA Auction cryptocurrency sale. On June 16, 2021 the U.S. General Services Administration (“GSA”) issued a press release announcing the opening of bids on 11 lots of cryptocurrency, totaling 8.93 bitcoins and 150.2 litecoins and with […]
According to a report published on July 15, 2021 in the Journal of the International Neuropsychological Society, in a study of 263 adults who have neurocognitive impairment in people with HIV (PWH) those who consumed cannabis on a daily basis lower levels of pro-inflammatory chemokines implicated in HIV pathogenesis and these chemokines were linked to the cognitive […]
On May 14, 2021 the California Bureau of Cannabis Control issued a press release announcing Governor Newsom’s “California Comeback Plan” which proposes $100 million in grant funding for local governments to complete environmental studies, license reviews, and mitigate environmental impacts. Additionally, the Governor proposed a consolidation of California’s the three California State Cannabis Agencies – […]
How The American Families Plan Is Helping IRS Step Up Investigations Of Taxpayers Involved In Cryptocurrency Cryptocurrency / Bitcoin – Is this the 21st century answer to hiding assets in Swiss bank accounts? The IRS thinks this is the case which is why the IRS has stepped up its investigation efforts to uncover non-compliant taxpayers just […]
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