Business Transactions

Top Four Tax Errors That Can Be Costly For Small Businesses When Dealing With The IRS
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Top Four Tax Errors That Can Be Costly For Small Businesses When Dealing With The IRS
A small business owner often wears many different hats. They might…

5 Moves To Make Before Year End That Can Save You A Lot of Money on Your 2019 Taxes
5 Moves To Make Before Year End That Can Save You A Lot of Money on Your 2019 Taxes
On December 22, 2017, President Trump signed into law the 2017 Tax…

“Kushy Punch” Looses Its State Cannabis License For Engaging In Illegal Activity
Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule…

California Raising Cannabis Taxes In 2020
The California Department of Tax and Fee Administration (CDTFA) which oversees the reporting and collection of taxes for the California cannabis industry…

Riverside County Sheriff’s Office Shuts Down Illegal Cannabis Grow Operation Seizing 1,700 Marijuana Plants
Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule…

IRS Has A Plan To Crack Down On Crypto Tax Evaders
IRS Has A Plan To Crack Down On Crypto Tax Evaders
After years of analyzing data from third parties involved in the cryptocurrency exchanges, the IRS…

Florida Tax Return Preparer Found Guilty of Filing False Tax Returns and Theft of Government Funds
Florida Tax Return Preparer Found Guilty of Filing False Tax Returns and Theft of Government Funds
The U.S. Attorney’s Office for the Southern District…

Another Cannabis Business Hit Hard By I.R.C. Section 280E In U.S. Tax Court
I.R.C. § 280E disallows all trade or business expense deductions for a cannabis business even though the cannabis business operates legally under state…

IRS Targeting Cannabis Businesses With “280E Audits”
We previously reported in our blog that the Trump Administration organized a committee of federal agencies from across the government to combat public…

Updated Facts To Know When The IRS Sends A Private Debt Collection Service To Collect On IRS Debt
Updated Facts To Know When The IRS Sends A Private Debt Collection Service To Collect On IRS Debt
You would think that with all the fraudulent calls being…

Cannabis Church Going High Tech To Become A New Orlando Florida Attraction.
In an article published July 22, 2019 in High Times, it is reported that an Orlando, Florida cannabis church known as “Reflections Ministry” is producing…

SAFE Banking Act Passes The House To End Cannabis Banking Prohibition – If You Can’t Beat Them, Then Join Them!
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…