Katrina Lee, Author at PolstonTax

September 12, 2024

Common Accounting Problems That Cannabis Businesses Face

10 Common Accounting Problems That Cannabis Businesses Face The global cannabis industry now generates $64 billion in revenue annually and is expected to reach $75 …

September 12, 2024

Garnishment vs. Levy

If you have been struggling to pay the bills or your taxes, you may receive a notice that a garnishment …

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IRS and State Notices/Letters and Their Meanings

Receiving a letter from the IRS can be intimidating, especially if you’re unsure what the notice is for or what to …

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Notice of Levy: Understanding IRS Letter 1058 or LT-11

Many individuals and businesses in the United States owe back taxes. Such taxpayers could face collection actions from the IRS, …

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Your Complete Guide to Understanding Cannabis Tax

Running a legitimate cannabis business can be tricky since marijuana is still illegal under federal law. Currently, 24 states plus the District of Columbia have legalized …

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The Benefits of a Tax Resolution Attorney for Your Cannabis Business

The cannabis industry is on the brink of a revolution as marijuana legalization promises to change the economic landscape forever. Cannabis business owners …

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Can’t Pay Taxes: 4 Options Cannabis Companies Should Know

Cannabis companies are under a lot of financial pressure, not just to turn a profit but also to pay taxes. There is …

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How to Choose the Right Cannabis Accountant

The Internal Revenue Service (IRS) is increasing audits on cannabis businesses — the agency is on a mission to ensure that cannabis businesses adhere to …

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Time Flies, Taxes Don’t: Understanding the IRS Statute of Limitations

The world of tax laws is a complex maze, and the IRS statute of limitations is your guide. It tells …

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February 26, 2024

The Tax Implications of Owning a Dispensary

One of the keys to business success is understanding the tax rules and how they apply to or affect your …

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