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 may also be eligible...
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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 like the IRS successfully did in...
Max The Vax But Don’t Forget The Tax
States offering prizes to incentivize people to get the COVID-19 vaccine. In California - get vaccinated, get rewarded. Are you already vaccinated or about to be? Great! You’ll have a chance at winning $50,000 or a grand prize of $1.5 million! Not yet vaccinated...
If You Can’t Beat Them Then Join Them! Legal Cannabis States Have Generated Nearly $8 Billion In Tax Revenue Since Recreational Sales Launched
If You Can’t Beat Them Then Join Them! Legal Cannabis States Have Generated Nearly $8 Billion In Tax Revenue Since Recreational Sales Launched States that have legalized marijuana for adult use have collectively generated nearly $8 billion in tax revenue from cannabis...
The Biden Administration Continues Its Stance Against Cannabis In A Section 280E Legal Battle
The Biden Administration Continues Its Stance Against Cannabis In A Section 280E Legal Battle On May 21, 2021, acting Solicitor General Elizabeth Prelogar filed an Opposition Brief on behalf of the United States in its opposition to a Petition For A Writ Of Certiorari...
Facing A Surprise Tax Bill – Here Is Why You Should Still File Your 2020 Income Tax Return By May 17th.
Why You Should Not Disregard The May 17, 2021 Filing Deadline The most important thing everyone with a tax liability should do is file a return by the May 17th due date, even if they can’t pay in full, or request a six-month extension to avoid higher penalties for...
IRS Provides Tax Relief For Victims Of Tennessee Storms
The IRS announced on May 14, 2021 that victims of this spring's storms and tornadoes in Tennessee will have until August 2, 2021, to file various individual and business tax returns and make tax payments. IRS Tax Relief Details The IRS is offering this relief to any...
Governor Newsom’s California Comeback Plan Proposes Millions in Funding for Cannabis
Governor Newsom’s California Comeback Plan Proposes Millions in Funding for Cannabis 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...
National Park Service Seizes Illegal Cannabis In Death Valley
National Park Service Seizes Illegal Cannabis In Death Valley 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...
Cannabis Consumption Trends: Older Patients More Likely to Consume Cannabis Tinctures, High-CBD Products
Cannabis Consumption Trends: Older Patients More Likely to Consume Cannabis Tinctures, High-CBD Products According to an analysis of sales data published in the journal Cannabis and Cannabinoid Research, older patients are more likely to purchase sublingual...