Business Transactions

Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief
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Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief
On September 25, 2023 the Internal Revenue Service (IRS) announced…

Georgia Taxpayers Impacted By Idalia Qualify For Tax Relief
On September 13, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Idalia in 28 of the state's 159…

IRS using Artificial Intelligence to crack down on millionaires to collect millions in back taxes
IRS using Artificial Intelligence to crack down on millionaires to collect millions in back taxes
The IRS announced on September 8, 2023 that under the…

Hawaii Wildfire Victims Qualify For Tax Relief
Hawaii Wildfire Victims Qualify For Tax Relief
On August 18, 2023 the Internal Revenue Service (IRS) announced expansive tax relief for Hawaii wildfire…

IRS Ending Unannounced Revenue Officer Visits To Taxpayers
IRS Ending Unannounced Revenue Officer Visits To Taxpayers
As part of a larger transformation effort, the Internal Revenue Service (IRS) announced on…

Facing A Surprise Tax Bill? Here Is Why You Should Still File Your 2022 Income Tax Return By October 16th.
Facing A Surprise Tax Bill? Here Is Why You Should Still File Your 2022 Income Tax Return By October 16th.
Why You Should Not Disregard The October 16,…

Storm victims in 4 states facing expiration of IRS tax relief: File and pay by July 31; parts of Arkansas, Indiana, Mississippi and Tennessee.
Storm victims in 4 states facing expiration of IRS tax relief: File and pay by July 31; parts of Arkansas, Indiana, Mississippi and Tennessee.
Individuals…

Can You Go To Jail For Not Filing Tax Returns? Beware this can happen to you.
Can You Go To Jail For Not Filing Tax Returns? Beware this can happen to you.
A man who did not file tax returns for 8 year in a row pleaded guilty before…

IRS Looking For Taxpayers To Report Gig Economy Income, Virtual Currency Transactions, And Foreign Source Income And Assets
IRS Looking For Taxpayers To Report Gig Economy Income, Virtual Currency Transactions, And Foreign Source Income And Assets
Chances are you are involved…

Current State Of Tax Enforcement On Cannabis Businesses
If you are conducting business in cannabis in the State of California, there are several taxing authorities that have interest in your business, specifically:…

If You Can’t Beat Them, Join Them – Minnesota Legalizes Adult-Use Cannabis!
On May 30, 2023, Minnesota Governor Tim Walz (D) signed a bill into law legalizing recreational marijuana use in the state, this making Minnesota the 23rd…

California Resident Taxpayers Have Extended Period Of Time To File And Pay In 2023.
California Resident Taxpayers Have Extended Period Of Time To File And Pay In 2023.
The IRS and Franchise Tax Board (“FTB”) may grant individuals…