Entries by Tax Attorney

IRS provides relief to victims of severe storms and flooding in Connecticut and New York.

IRS provides relief to victims of severe storms and flooding in Connecticut and New York. On September 10, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in Connecticut and New York affected by severe storms and flooding from torrential rainfalls that began on August 18, 2024. These taxpayers now have until […]

IRS tax relief now available to U.S. Virgin Islands victims of Tropical Storm Ernesto

IRS tax relief now available to U.S. Virgin Islands victims of Tropical Storm Ernesto On August 28, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in the U.S. Virgin Islands affected Tropical Storm Ernesto that began on August 13, 2024. These taxpayers now have until February 3, 2025, to file various federal […]

DEA Sets Hearing On Cannabis Rescheduling Thus Delaying Its Decision Until After The Election

The prime benefits of reclassifying cannabis from a Schedule 1 substance to a Schedule 3 substance is that the Federal government would recognize medical benefits of cannabis, make Section 280E inapplicable to licensed cannabis operators, and open up financial and banking markets. On August 26, 2024 the Drug Enforcement Administration (“DEA”) released its notice scheduling […]

Did You Receive Funds From The Employee Retention Credit Program That You Were Not Eligible To Receive? Here are the five new red flags that IRS is looking for.

IRS opens second Employee Retention Credit Voluntary Disclosure Program sending up to 30,000 letters to address more than $1 billion in errant claims Thousands of new recapture letters going out for improper ERC claims made for Tax Year 2021, some Tax Year 2020. As part of ongoing compliance work, the IRS announced on August 15, […]

IRS tax relief now available to Tropical Storm Ernesto victims in Puerto Rico

On August 23, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in Puerto Rico affected by Tropical Storm Ernesto that began on August 13, 2024. These taxpayers now have until February 3, 2025, to file various federal individual and business tax returns and make tax payments. The tax relief postpones various tax […]

IRS tax relief now available to Hurricane Debby victims in all of South Carolina, most of Florida and North Carolina, part of Georgia and all of Vermont

IRS tax relief now available to Hurricane Debby victims in all of South Carolina, most of Florida and North Carolina, part of Georgia and all of Vermont On August 9, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in four states (South Carolina, Florida, North Carolina and Georgia) affected by […]

IRS provides tax relief to Minnesota victims of severe storms, flooding

IRS provides tax relief to Minnesota victims of severe storms, flooding On August 12, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in 25 Minnesota counties affected by severe storms and flooding that began on June 16, 2024.  These taxpayers now have until February 3, 2025, to file various federal individual and […]

IRS tax relief now available to Hurricane Debby victims in all of South Carolina, most of Florida and North Carolina, and part of Georgia

On August 9, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in four states affected by Hurricane Debby.  These taxpayers now have until February 3, 2025, to file various federal individual and business tax returns and make tax payments. The tax relief postpones various tax filing and payment deadlines that occurred beginning […]

Is your inheritance from a deceased family member’s estate held up due to the decedent’s outstanding tax returns or outstanding tax liabilities? Read this for your options …

Is your inheritance from a deceased family member’s estate held up due to the decedent’s outstanding tax returns or outstanding tax liabilities? Read this for your options … Probate is the field of law that determines how an estate must be divided. Each state has its own laws and statutes requirements to determine if and […]