IRS Coronavirus Tax Relief The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus and as information becomes available, the IRS will be updating this special page on its website. President Donald...
How Are Cannabis Businesses Coping With COVID-19? State & local governments are taking unprecedented measures to stop dine-in restaurant service, close gyms and movie theaters, and ban or limit all gatherings to fight the spread of the coronavirus. What remains...
Federal & State Tax Agencies Responding To COVID-19 With Tax Relief – IRS And Treasury Department Issues Initial Guidance IRS Coronavirus Tax Relief The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the...
It just got more expensive to settle your tax debt with the IRS. The Application Fee for Offers In Compromise submitted on or after April 27, 2020 increases from $186.00 to $205.00. An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS to settle...
The IRS announced on March 6, 2020 that victims of tornadoes and severe storms in parts of Tennessee, including Nashville that took place during the first week of March 2020 may qualify for tax relief. Individuals and households who reside or have a business in the...
Federal Government Enforcing Prohibition Of Cannabis On Public Lands Off-Site Manager of Marijuana Grow in Shasta-Trinity National Forest Sentenced to 10 Years in Prison The U.S. Attorney’s Office for the Eastern District Of California issued a press release on...
Weedmaps Under Pressure To Disclose Cannabis Businesses To The Feds U.S. Attorney's Office for the Eastern District of California seeks documents on roughly 30 companies from cannabis-retail listing service Weedmaps, according to grand-jury subpoena. According to a...
How To Handle Late Tax Returns? Every year, about 7 million taxpayers miss tax deadline or fail to file their tax returns according to data from the Internal Revenue Service. This figure constitutes roughly 5% of the taxpayer base in the U.S., resulting in government...
The Tax Cuts And Jobs Act Of 2017 (“TCJA”) was signed into law by President Trump on December 22, 2017. It has been a good 30 years since the last time the Internal Revenue Code received such a major update but for taxpayers. Deductions Relating to Meal And...
President Trump Seeking To Prosecute Legalized Adult-use Marijuana Businesses On June 20, 2019, the House of Representatives voted to restrict the Department Of Justice (“DOJ”) from interfering with States that have legalized adult-use marijuana, including those...
