by Abraham Finberg | Nov 10, 2020 | Cannabis Business, News, Tax
Source: CA Department of Tax and Fee Administration Due to new legislation, Assembly Bill 1872 (Stats. 2020, ch. 93), the cannabis excise tax mark-up rate and the cultivation tax rates will not change on January 1, 2021. Cannabis Excise Tax Mark-up Rate The cannabis...
by Abraham Finberg | Sep 14, 2020 | News, Tax
When a seller is paid over several years, she may be eligible to report some of the gain pro rata with each installment, rather than all at once. See IRC §453(c) (installment method defined). However, the installment method is not always available. In some cases,...
by Abraham Finberg | Sep 11, 2020 | Cannabis Business, News
Source: Manzuri Law
by Abraham Finberg | Sep 7, 2020 | News, Tax
By Andrew Gradman Published at www.gradmantax.com on August 17, 2020. This article is intended for general information only and does not constitute legal advice. Every investment must be evaluated on its specific facts, and every investor should seek tax advice...
by Abraham Finberg | Aug 28, 2020 | News, Tax
IT’S TIME TO FILE YOUR TAX RETURNS! On June 29, 2020, the Internal Revenue Service announced that the tax filing deadline of July 15 will not be postponed. Thus, individuals, trusts, estates, C-corporations, and others with an April 15 deadline who filed for an...
by Abraham Finberg | Aug 7, 2020 | News, Tax
Please note that Sales and Use Tax rates changed in California Cities and Counties are effective July 1 2020. Be sure to visit the CDTFA to determine the appropriate tax rates for your transactions. https://cdtfa.ca.gov/taxes-and-fees/rates.aspx As always, please...
