June 20, 2024 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 … Read More
May 30, 2024 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, … Read More
May 30, 2024 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 … Read More
May 17, 2024 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 … Read More
May 17, 2024 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 … Read More
May 6, 2024 Understanding IRS Forms: 1099-C A 1099-C form is used for reporting debt cancellation as income to the Internal Revenue Service (IRS) and the individual … Read More
April 26, 2024 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 … Read More
April 10, 2024 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 … Read More
March 7, 2024 What You Need to Know About IRS Tax Appeals If you and the Internal Revenue Service (IRS) disagree on an outcome or decision involving your tax matter, you can … Read More
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 … Read More
