Entries by Tax Attorney

Governor Newsom Signs Cannabis Trailer Bill Creating The Department Of Cannabis Control

On May 14, 2021 the California Bureau of Cannabis Control issued a press release announcing Governor Newsom’s “California Comeback Plan” which proposes $100 million in grant funding for local governments to complete environmental studies, license reviews, and mitigate environmental impacts. Additionally, the Governor proposed a consolidation of California’s the three California State Cannabis Agencies – […]

How The American Families Plan Is Helping IRS Step Up Investigations Of Taxpayers Involved In Cryptocurrency

How The American Families Plan Is Helping IRS Step Up Investigations Of Taxpayers Involved In Cryptocurrency 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 […]

Max The Vax But Don’t Forget The Tax

Max The Vax But Don’t Forget The Tax States offering prizes to incentivize people to get the COVID-19 vaccine. In California – get vaccinated, get rewarded. Are you already vaccinated or about to be? Great! You’ll have a chance at winning $50,000 or a grand prize of $1.5 million!  Not yet vaccinated against COVID-19? Listen […]

If You Can’t Beat Them Then Join Them! Legal Cannabis States Have Generated Nearly $8 Billion In Tax Revenue Since Recreational Sales Launched

States that have legalized marijuana for adult use have collectively generated nearly $8 billion in tax revenue from cannabis since legal sales first began in 2014, according to a new report from the Marijuana Policy Project. The authors of the report examined the tax structure and revenue streams of all 18 states that have legalized […]

The Biden Administration Continues Its Stance Against Cannabis In A Section 280E Legal Battle

The Biden Administration Continues Its Stance Against Cannabis In A Section 280E Legal Battle On May 21, 2021, acting Solicitor General Elizabeth Prelogar filed an Opposition Brief on behalf of the United States in its opposition to a Petition For A Writ Of Certiorari To The United States Court Of Appeals For The Tenth Circuit […]

President Biden Proposes Doubling IRS Workforce And Increase Funding To IRS To Chase Down Tax Cheats

President Biden Proposes Doubling IRS Workforce And Increase Funding To IRS To Chase Down Tax Cheats On May 20, 2021 the U.S Department Of Treasury issued a report called the “U.S. Treasury American Families Plan Tax Compliance Agenda” which under the plans announced by President Joe Biden is proposing to double the size of the […]

Governor Newsom’s California Comeback Plan Proposes Millions in Funding for Cannabis

On May 14, 2021 the California Bureau of Cannabis Control issued a press release announcing Governor Newsom’s “California Comeback Plan” which proposes $100 million in grant funding for local governments to complete environmental studies, license reviews, and mitigate environmental impacts. The proposal supports a broader effort to transition cannabis businesses into the regulated market and […]