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...
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DEA Releases Its Report Card On 2019 Illegal Cannabis Eradication Activity
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
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...
COVID-19 Employer Tax Relief Available for PPP Borrowers
COVID-19 Employer Tax Relief Available for PPP Borrowers 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 assistance to workplaces and employees. The CARES...
Evolution Of California Cannabis Law – Pending Bill Considered By The Legislature: Assembly Bill 2355
Evolution Of California Cannabis Law – Pending Bill Considered By The Legislature: Assembly Bill 2355 On February 18, 2020 Assembly Member Rob Bonta introduced AB 2355, which seeks to amend California Fair Employment and Housing Act to require employers to provide...
Beware Of Unsupported Claims That Cannabis Or CBD Products Will Protect Or Cure You From Coronavirus
Beware Of Unsupported Claims That Cannabis Or CBD Products Will Protect Or Cure You From Coronavirus The Federal Trade Commission (FTC) and U.S. Food and Drug Administration (FDA) announced that they have sent warning letters to companies allegedly selling unapproved...
IRS Announces Temporary Procedures To Fax Forms 1139 And 1045 Due To COVID-19
IRS Announces Temporary Procedures To Fax Forms 1139 And 1045 Due To COVID-19 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 assistance to workplaces and...
Where Is My IRS Economic Impact Payment?
Where Is My IRS Economic Impact Payment? IRS Releases Web-based Portal For Non-filers And Taxpayers For Whom IRS Does Not Have Your Direct Deposit Information. Deadline to enter your information on this portal is 12:00PM Eastern Time, Wednesday, April, 22, 2020. On...
A Tax Benefit In The COVID-19 Stimulus Package Available To Cannabis Businesses
A Tax Benefit In The COVID-19 Stimulus Package Available To Cannabis Businesses Deferral of Employer Social Security Taxes – A Benefit That Should Be Available To Cannabis Businesses On March 27, 2020 President Trump signed the $2 trillion Stimulus Bill formally known...
IRS Continues To Expand Tax Relief From COVID-19
IRS Continues To Expand Tax Relief From COVID-19 On April 9, 2020 the IRS announced additional relief for taxpayers extending deadlines to July 15, 2020 including the 2nd quarter estimated tax payment that would have been due June 15, 2020. IRS Coronavirus Tax Relief...