IRS Announces Program For U.S. Expats To Come Into Compliance With Their U.S. Tax And Filing Obligations On September 6, 2019 the IRS announced procedures for certain persons who have relinquished, or intend to relinquish, their United States citizenship and who wish to come into compliance with their U.S. income tax and reporting obligations and […]
IRS Agrees To Hold Off Denying Passport Privileges For Certain Taxpayers Taxpayers who are seriously behind on their taxes to the IRS are putting their passports in jeopardy! Fixing America’s Surface Transportation Act Under section 32101 of the Fixing America’s Surface Transportation Act (“FAST Act”), signed into law in December 2015, the IRS is required […]
According to reports from the Sacramento Bee and Marijuana Business Daily, Lori Ajax, chief of the California Bureau Of Cannabis Control, issued on February 16, 2018 a cease and desist order to Weedmaps.com, an internet company based in Irvine that maps marijuana dispensaries, to immediately stop promoting cannabis businesses that do not have state licenses. […]
Researchers at The University Of New Mexico (“UNM”) recently announced that the cannabis flower is an effective mid-level analgesic medication for pain treatment. The report acknowledges that chronic pain afflicts more than 20% of adults and is the most financially burdensome health condition that the U.S faces; exceeding, for example, the combined costs of treating […]
In an article published August 15, 2019 in the Washington Post, it is reported that the first cannabis restaurant is coming to West Hollywood, California. Lowell Farms cannabis cafe, a 220-seat establishment as a place for locals and tourists to have a high-quality meal and smoke a joint in public, is expected to open soon. […]
What You Need To Know If You Received IRS Notice LT16 To Prevent An IRS Levy. Getting a notice in the mail from IRS usually causes much anxiety. After all the IRS has the power on its own to implement enforcement action which can include seizing your assets or wages. Enforcement action could also include […]
Are You Effected By The June 2019 Texas Severe Storms And Flooding? IRS Is Providing You With Tax Relief And Extending Upcoming Tax Deadlines. The IRS announced on July 18, 2019 that victims of the severe storms and flooding that took place on June 24 to 25, 2019 in Texas may qualify for tax relief. […]
Important Tax Tips To Know If You Receive Income From Uber, Lyft, Airbnb Or Other Online Platform During my last ride on Lyft, I was thinking about how the IRS is responding to the growing usage of many online platforms like Uber, Lyft and Airbnb in what is commonly referred to as the “sharing economy”. […]
If You Have Cryptocurrency, Pay Attention To What The IRS Has In Store For You After years of analyzing data from third parties involved in the cryptocurrency exchanges, the IRS announced in a press release on July 26, 2019 that it has started sending letters to cryptocurrency owners advising them to report their cryptocurrency transactions […]
10,000 Cryptocurrency Owners Will Receive Warning Letters From The IRS After years of analyzing data from third parties involved in the cryptocurrency exchanges, the IRS announced in a press release on July 26, 2019 that it has started sending letters to cryptocurrency owners advising them to report their cryptocurrency transactions and pay their taxes. More […]
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