The Five 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 five main ways that the IRS selects returns for examination. Potential participants...
U.S. Attorney’s Office Files Charges In Rhode Island Against Two Borrowers Alleging Fraud In Seeking Paycheck Protection Loans This is the first case in the nation to be charged with fraudulently seeking CARES Act SBA Paycheck Protection Loans. The U.S. Attorney’s...
California Keeping Cannabis Taxes Steady In 2020 The California Department Of Tax And Fee Administration (CDTFA) which oversees the reporting and collection of taxes for the California cannabis industry under Emergency Regulation 3700 established a new category and...
How Some CBD Companies Are Getting Millions In Federal Aid Through A Loophole In The CARES Act 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...
I think the amount of my Economic Impact Payment is incorrect. What can I do? 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...
FDA Warns Companies Illegally Selling CBD Products to Treat Medical Conditions, Opioid Addiction The U.S. Food and Drug Administration (FDA) announced on April 23, 2020 that it has sent warning letters to two companies for illegally selling unapproved products...
Emergency Cannabis Small Business Health and Safety Act Introduced In Congress – If You Can’t Beat Them, Then Join Them! On March 27, 2020 President Trump signed the $2 trillion Stimulus Bill formally known as the Coronavirus Aid, Relief and Economic Security [CARES]...
Still Waiting For Your IRS Economic Impact Payment? As the IRS closed its web-based portal for non-filers and taxpayers for whom the IRS does not have your Direct Deposit Information, taxpayers with a filing requirement must file a tax return to get an Economic Impact...
DEA Releases Its Report Card On 2019 Illegal Cannabis Eradication Activity 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...
COVID-19 Tax Relief: California Delays Sales Tax Payments For Small Businesses In response to the COVID-19 pandemic, on March 30, 2020, Governor Gavin Newsom signed an executive order that will provide tax, regulatory and licensing extensions for businesses. Order...
