Are You Affected By The Summer 2020 California Wildfires? IRS Is Providing You With Tax Relief And Extending Upcoming Tax Deadlines. The IRS announced on August 24, 2020 that victims of the California wildfires that began August 14, 2020 may qualify for tax relief. Individuals who reside or have a business in Lake, Monterey, Napa, […]
IRS Takes New Steps For 50,000 Spouses To Get “Catch-up” Economic Impact Payments What To Do If Your Economic Impact Payment Is Wrong. On March 27, 2020 President Trump signed the $2 trillion Stimulus Bill formally known as the Coronavirus Aid, Relief and Economic Security [CARES] Act (the “CARES Act”) to provide assistance to workplaces […]
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 a high potential for abuse, no currently accepted medical use in treatment, and lack of accepted safety for use under medical […]
Two California-based cannabis companies had their petition thrown out of appeals court after it was delivered to court a day late by an unapproved delivery service. Organic Cannabis Foundation and Northern California Small Business Assistants (“NCSB”) were challenging a nearly $2 million combined tax bill at the U.S. 9th Circuit Court of Appeals based in […]
IRS Takes New Steps To Ensure People With Children Receive $500 Economic Impact Payments What To Do If Your Economic Impact Payment Is Wrong. On March 27, 2020 President Trump signed the $2 trillion Stimulus Bill formally known as the Coronavirus Aid, Relief and Economic Security [CARES] Act (the “CARES Act”) to provide assistance to […]
Arizona Secretary of State Katie Hobbs tweeted that her office “has certified the signatures submitted by the Smart and Safe Arizona initiative. After review, the petition exceeded the minimum requirement with approximately 255,080 valid signatures and will be placed on the General Election ballot as Prop. 207.” The campaign had submitted 420,000 signatures to officials in July, they needed […]
Every five years, Congress passes legislation that sets national agriculture, nutrition, conservation, and forestry policy, commonly referred to as the “Farm Bill”. On December 20, 2018 President Donald Trump signed legislation into law that includes language lifting the United States’ decades-long prohibition on domestic, commercial hemp and hemp-derived products. The provisions were included within The Agriculture Improvement Act of […]
U.S. Successfully Disrupts Three Terror Finance Cyber-Enabled Campaigns Using the same tools in the investigations of U.S. taxpayers, this is the largest ever seizure of terrorist organizations’ cryptocurrency accounts. The Department Of Justice on August 13, 2020 announced the dismantling of three terrorist financing cyber-enabled campaigns, involving the al-Qassam Brigades, Hamas’s military wing, al-Qaeda, and […]
Taxpayers Invested In Syndicated Conservation Easements Have A Limited Opportunity To Settle With The IRS Tax Court strikes down four more abusive syndicated conservation easement transactions prompting taxpayers to accept IRS settlement offers in syndicated conservation easement cases or face a higher tax bill. A conservation easement imposes a restriction on real property, granted in […]
“J5” Global Tax Chiefs Mark Two Years Of Cooperation To Tackle International Tax Evasion Leaders from five international tax organizations are marking the two-year anniversary of the formation of the Joint Chiefs of Global Tax Enforcement (J5). The J5 was formed in 2018 after a call to arms from the OECD Taskforce on Tax Crime and […]
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