Police Uncover Illegal Grow Operation In Santa Ana Seize More Than 5,000 Marijuana Plants 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...
The IRS announced that as of February 26, 2022 all third-round Economic Impact Payments (EIP) have been issued and reminds people how to claim any remaining stimulus payment they’re entitled to on their 2021 income tax return as part of the 2021 Recovery Rebate...
Oral CBD Found to Inhibit COVID-19 Infection in Humans According a report published in the journal Science Advances, a research study found that cannabidiol (CBD) effectively blocks SARS-CoV-2 replication in human cells. The goal of this study was to determine whether...
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...
Tips For Cannabis Businesses To Prepare for the 2021 Tax Filings On January 10, 2022, the Internal Revenue Service (IRS) announced that it will process 2022 tax returns beginning January 24, 2022 (last year the opening date was February 12, 2021). April 18th Filing...
Can Cannabis Help Younger People Have Greater Orgasms And Sexual Performance? According a report published by MDPI based in Basel Switzerland in the journal Healthcare, new analysis conducted in Spain found that younger individuals (18 to 30 years old) who consume...
As required by law, once a year the Taxpayer Advocate’s Office (an independent Federal government department that monitors the Internal Revenue Service) must send a report to Congress describing challenges the IRS is facing, problems experienced by taxpayers in...
National Taxpayer Advocate Delivers 2021 Annual Report to Congress With No Mention Of Unfair Taxation Of Cannabis Businesses Or Uncertainty Of IRC Section 280E. As required by law, once a year the Taxpayer Advocate’s Office (an independent Federal government...
This year taxpayers get at least 3 extra days to file! On January 10, 2022, the Internal Revenue Service (IRS) announced that it will process 2022 tax returns beginning January 24, 2022 (last year the opening date was February 12, 2021). The IRS states that the...
IRS Examinations Of Cannabis Businesses Expected To Rise In 2022 – Are You Ready For An I.R.C. § 280E IRS Tax Audit? While the sale of cannabis is legal in California as well as in a growing number of states, cannabis remains a Schedule 1 narcotic under Federal law,...
