Entries by Tax Attorney

IRS Providing Tax Relief For Victims in Federal Declared Disaster Areas

IRS Providing Tax Relief For Victims in Federal Declared Disaster Areas Did you miss the October 17, 2022 tax return filing deadline? Areas with a new filing deadline of February 15, 2023, include: Florida, Puerto Rico, North Carolina, South Carolina, Areas in Alaska identified under FEMA’s Major Disaster Declaration 4672 and Hinds County, Mississippi. The IRS announced on October […]

California Franchise Tax Board Provides Tax Relief For Hurricane Ian Victims

California Franchise Tax Board Provides Tax Relief For Hurricane Ian Victims The California Franchise Tax Board (“FTB”) announced on October 6, 2022 special state tax relief for taxpayers and businesses affected by Hurricane Ian. Taxpayers and businesses in presidentially declared disaster areas are granted an extension to Feb. 15, 2023, to file California tax returns on 2021 […]

Cannabis On The Ballot This November 2022 In Five States

This November, voters in five states—Arkansas, Maryland, Missouri, North Dakota and South Dakota—will decide on whether they want to legalize adult-use marijuana. The Growing Trend In Legalizing Cannabis – Current Standings: Medical marijuana is legal in 37 states. The medical use of cannabis is legal (with a doctor’s recommendation) in 37 states and Washington DC. […]

All Federal “Simple” Cannabis Possession Convictions to be Pardoned by President Biden

President Joe Biden announced on October 6, 2022 that he will pardon all prior federal offenses of simple cannabis possession. Under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the historical belief that it has a high potential for abuse, no currently accepted medical […]

Governor Newsom Signs Ten Cannabis Bills Permitting Interstate Commerce, Employment Protections and Expunging Records

On September 19, 2022, Governor Gavin Newsom signed several measures to strengthen California’s cannabis laws, expand the legal cannabis market and redress the harms of cannabis prohibition. In a press release issued by his office, Newsom stated “For too many Californians, the promise of cannabis legalization remains out of reach. These measures build on the […]

IRS Provides Tax Relief For Hurricane Ian Victims in the Carolinas

IRS Provides Tax Relief For Hurricane Ian Victims in the Carolinas The IRS announced on October 5, 2022 that Hurricane Ian victims throughout both North Carolina and South Carolina now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments. This comes after the IRS announced on September […]

How the Inflation Reduction Act is Overhauling the IRS into “Beast Mode”

How the Inflation Reduction Act is Overhauling the IRS into “Beast Mode” Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding. Speaking at an IRS facility in New Carrollton, Maryland on September 15, 2022, Treasury Secretary Janet Yellen stated that “the Inflation Reduction Act finally provides the funding to transform the […]