California Cities Decriminalize Psychedelics While The California Legislature Considers Legalizing Psychedelics In February 2024, California Sen. Scott Wiener, and Assemblymember Marie Waldron, proposed Senate Bill 2012 named The Regulated Psychedelic-assisted Therapy...
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California Looking to Legalize Psychedelics
California Looking to Legalize Psychedelics Currently there are two States that have legalized psychedelics, namely: Colorado and Oregon. California is now considering to join these states as well. In February 2024, California Sen. Scott Wiener, and Assemblymember...
Michigan taxpayers impacted by August 2023 flooding and severe storms qualify for tax relief
On February 15, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms, tornadoes and flooding that began on August 24, 2023 in parts of Michigan. These taxpayers now have until June 17, 2024, to file...
Can Daily Cannabis Use Help Subjects With Generalized Anxiety Sleep Better?
Can Daily Cannabis Use Help Subjects With Generalized Anxiety Sleep Better? According to data published in the journal Behavioral Sleep Medicine, patients with moderate anxiety report experiencing increased sleep quality following their use of cannabis. Furthermore,...
IRS ramps up new initiatives using Inflation Reduction Act funding
More than $482 million recovered from 1,600 millionaires who have not paid tax debts. Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding over nine years. The $80 billion price tag is more than six times the current annual IRS budget of...
West Virginia taxpayers impacted by severe storms, flooding, landslides and mudslides qualify for tax relief
On February 7, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms, flooding, landslides and mudslides that began on August 28, 2023 in parts of West Virginia. These taxpayers now have until June 17,...
New Tax Rule Affecting People Who Use Venmo, Paypal Or Other Payment Apps Put On Hold….. Again.
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K From renting spare rooms and vacation homes to car rides or using a bike…name a service or a craft & handmade item marketplace and it’s probably...
Maine taxpayers impacted by December 2023 flooding and severe storms qualify for tax relief
On February 5, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms and flooding that began on December 17, 2023 in parts of Maine. These taxpayers now have until June 17, 2024, to file various federal...
IRS Still Enforcing Rule Requiring Taxpayers To Report All Cryptocurrency And Digital Asset Income On Their 2023 Federal Income Tax Returns
Since 2019, Forms 1040 series, Individual Income Tax Return, includes the following checkbox question: At any time during the year, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency? ◊ Yes ◊ No For...
Rhode Island taxpayers impacted by September 2023 severe storms, flooding and tornadoes qualify for tax relief
On January 30, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms, flooding and tornadoes that began on September 10, 2023 in parts of Rhode Island. These taxpayers now have until June 17, 2024,...