The Four Ways That IRS Selects Tax Returns For Examination I have yet to meet anyone who looks forward to having their tax return be selected for an audit by IRS so you should know the four main ways that the IRS selects returns for examination. Potential participants in abusive tax avoidance transactions — Some returns are […]
Just in time for summer! The Transportation Security Administration (“TSA”) quietly changed its cannabis policy over the Memorial Day weekend to allow passengers to bring some forms of cannabidiol (“CBD’’) oil, plus an FDA-approved marijuana based drug Epidiolex, on flights. The announcement was made on the TSA’s website: “Possession of marijuana and certain cannabis infused products, including some […]
It’s Summertime! Tips For Students Making Taxes Easy For Students With Jobs. With summer here, many students will turn their attention to making money from a summer job. Whether it’s flipping burgers or filing documents, student workers need to know some facts about their summer jobs and taxes. For students working as employees, not all […]
Be Prepared – All Taxpayers Should Plan Ahead For Natural Disasters Floods, wildfires, hurricanes, tornados and other natural disasters happen quickly and often with little warning. No one can prevent these disasters from happening, but people can prepare for them. IRS Tax Relief Details The IRS usually announces tax relief to any area designated by […]
On May 20, 2019 the National Football League (“NFL”) announced that it is considering lifting its ban on use of cannabis by players. The NFL and National Football League Players Association (“NFLPA”) will be looking to support additional resources for pain management, behavioral health and promote wellness for NFL players. As part of the pain […]
On May 4, 2019 Illinois Governor JB Pritzker (Dem.) and key lawmakers announced that they have agreed on a framework to legalize adult use cannabis in the State of Illinois starting January 1, 2020. The measure would allow adults age 21 and over to legally purchase cannabis for recreational use from licensed dispensaries and create […]
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