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Avoiding CA Taxation – For Individuals Currently Domiciled in CA
Written by Andrew Gradman, Esq This article describes how individuals who call California home (i.e., who are “domiciled” here) can avoid CA…
The IRS and Cannabis – 2021 and Onward: Federal Tax Procedure – Audit, Dispute, Resolution: Part 3
“Preparation time is never wasted time.” Anonymous__________________________________________________________________ Part III – “The Appeals Process” is the third of a 3-Part Series on “Federal…
The IRS and Cannabis – 2021 and Onward: Federal Tax Procedure – Audit, Dispute, Resolution: Part 2
“Preparation time is never wasted time.” Anonymous__________________________________________________________________ Part II – “Resolution Efforts” is the second of a 3-Part Series on “Federal Tax…
The IRS and Cannabis – 2021 and Onward: Federal Tax Procedure – Audit, Dispute, Resolution: Part 1
“Preparation time is never wasted time.” Anonymous__________________________________________________________________ Part I – “The IRS Audit Process” is the first of a 3-Part Series on…
The IRS and Cannabis – 2021 and Onward: Federal Tax Procedure – Audit, Dispute, Resolution – Introduction
“Preparation time is never wasted time.” Anonymous__________________________________________________________________ This Introduction precedes a 3-Part Series on “Federal Tax Procedure- Audit, Dispute, Resolution for the…
Federal Tax Deadline Extended to May 17th, 2021 for INDIVIDUALS ONLY (NOT C Corps, Trusts, & Estates)
The IRS announced a change in the deadline for certain federal tax return and payment due dates. Here is what is extended…
Cannabis Taxpayers Find Flaws in New Accounting Method Rules
Reproduced with permission. Published March 04, 2021. Copyright R 2021 The Bureau of National Affairs, Inc. 800-372- 1033. For further use, please…
FORM 8300 (Cash payments received of over $10,000)
Summary In the cannabis industry, due to lack of banking, cash has truly been king. Compliance is critical when receiving large amounts of…
How Auditors “Prove” You Didn’t Pay Your Taxes – Lack of Banking Presents Even More Obstacles in Cannabis Industry
Innocent until proven guilty… NOT. When it comes to paying taxes, auditors have an advantage: you have to prove you filed your…
