On December 22, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms and tornadoes that began on December 9 in parts of Tennessee. These taxpayers now have until June 17, 2024, to file various federal...
On August 16, 2022 President Biden signed the 2022 Inflation Reduction Act which has some favorable tax changes you should be aware especially now that we are approaching the end of 2023. Major Changes From The New Law Include: A three-year extension of expanded...
Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement...
If You Can’t Beat Them, Join Them – Ohio Voters Approve Adult-Use Cannabis! On November 7, 2023 Ohio voters approved legalizing recreational marijuana use in the state making Ohio the 24th state to legalize cannabis for adult-use (previously Ohio legalized only...
California’s Fight Against The Illegal Cannabis Market New law allows licensed cannabis businesses to pursue legal action against unlicensed cannabis operators in state superior court if they can prove damages resulting from the operation. Legal California cannabis...
On October 16, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by seawater intrusion in parts of Louisiana. These taxpayers now have until February 15, 2024, to file various federal individual and business tax...
For those whose qualify October 16, 2023 filing deadline and other deadlines postponed to October 7, 2024 On October 13, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by the terrorist attacks in the State of...
On September 29, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by seawater intrusion in parts of Louisiana. These taxpayers now have until February 15, 2024, to file various federal individual and business tax...
On September 25, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Hurricane Lee anywhere in Maine and Massachusetts. These taxpayers now have until February 15, 2024, to file various federal individual and...
On September 13, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Idalia in 28 of the state's 159 counties in Georgia. These taxpayers now have until February 15, 2024, to file various federal individual and...
