Understanding Tax Penalties: What You Need to Know
Learn the ins and outs of tax penalties and how to avoid them. This comprehensive guide covers types of penalties, causes, consequences, and strategies for prevention.
Author Archive for: Tax Attorney
Entries by Tax Attorney
Understanding Tax Relief Options: When to Consult a Tax Attorney
Explore essential tax relief options for your business and learn when a tax attorney’s expertise is crucial for effective tax management.
Securing Tax Benefits From The Justice Department Order Moving State-Licensed Medical Marijuana to Schedule III
The prime benefits of reclassifying cannabis from a Schedule I substance to a Schedule III substance is that the Federal government would recognize medical benefits of cannabis, make IRC Section 280E inapplicable to licensed cannabis operators. On December 18, 2025, President Trump signed an Executive Order Increasing Medical Marijuana and Cannabidoil Research . President Trump’s […]
Justice Department Orders State-Licensed Medical Marijuana to Schedule III
The prime benefits of reclassifying cannabis from a Schedule I substance to a Schedule III substance is that the Federal government would recognize medical benefits of cannabis, make IRC Section 280E inapplicable to licensed cannabis operators. On December 18, 2025, President Trump signed an Executive Order Increasing Medical Marijuana and Cannabidoil Research . President Trump’s […]
How The 2026 Federal Government Shutdown Impacts IRS Tax Examinations?
Filing taxes is punishment enough without the vague threat of an IRS audit looming over our heads. For understandable reasons, the IRS insists on keeping the ins and outs of its auditing process on the murky side. How will you catch the bad guys if you give them the rule book first? But because of […]
Do You Have A Cannabis Business Drowning In IRS Debt?
Rescheduling Of Cannabis Opens Relief For Cannabis Businesses To Settle IRS Tax Debt Through An Offer In Compromise. President Trump’s December 18, 2025 Executive Order to remove cannabis from a Schedule I classification to a Schedule III classification President Trump’s execution on December 18, 2025 of an Executive Order Increasing Medical Marijuana and Cannabidoil Research […]
Rescheduling Of Cannabis Opens Relief For Cannabis Businesses To Settle IRS Tax Debt Through An Offer In Compromise.
President Trump’s execution on December 18, 2025 of an Executive Order Increasing Medical Marijuana and Cannabidoil Research to remove cannabis from a Schedule I classification to a Schedule III classification should result in cannabis businesses with IRS debt to pursue discounted settlements under the IRS Offer In Compromise program. What Is An Offer In Compromise? […]
President Trump Orders Cannabis Rescheduling To Be Expedited
The prime benefits of reclassifying cannabis from a Schedule I substance to a Schedule III substance is that the Federal government would recognize medical benefits of cannabis, make IRC Section 280E inapplicable to licensed cannabis operators. On December 18, 2025, President Trump signed an Executive Order Increasing Medical Marijuana and Cannabidoil Research . President Trump’s […]
U.S. Tax Court Denies Cannabis Dispensary To Pursue An Offer In Compromise
An Offer In Compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability or doing so creates a financial hardship. The IRS will consider your unique set of facts and circumstances: Ability to pay Income […]
IRS Criminal Investigation Division Releases Its 2025 Annual Report
The IRS released the Criminal Investigation Division’s (CI) annual report, highlighting significant successes and criminal enforcement actions taken in fiscal year ending September 30, 2025. The IRS noted that a key achievement was the identification of over $10.5 billion in tax fraud and other financial crimes. In issuing this report IRS Chief Of IRS Criminal Investigation Guy […]
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