Cannabis is a very close knit community where everyone seems to know everyone. Breaking into the industry is not as easy as you may think. First of all you have to have some sort of angle. For instance, mine is that I have found a way around IRC §280e ...
If the Treasury proposal goes through, the taxable gain would be similarly adjusted for inflation occurring during the time you owned the asset. Going back to our example, if the initial $250,000 cost of the home was adjusted to $350,000 for inflation ...
The Protecting Taxpayers Act (S.3278) would "amend the Internal Revenue Code of 1986 to provide additional protections to taxpayers," according to the official description. The bill was referred to the Senate Finance Committee. The bill is still a ...
The American Institute of CPAs (AICPA) has requested that the Department of the Treasury and the Internal Revenue Service (IRS) provide immediate guidance to correct the effect that the Tax Cuts and Jobs Act (TCJA) has had on the ability of 401(k) ...
The American Institute of CPAs (AICPA) says it supports the provisions of the Protecting Taxpayers Act, S. 3278, that would regulate tax return preparers.
The Internal Revenue Service and the Department of the Treasury have issued proposed regulations on section 965 of the Internal Revenue Code. The proposed regulations affect United States shareholders, as defined under section 951(b) of the Code, ...
There is No Nexus Standard Today: In overturning Quill, by removing the physical presence requirement for sales tax nexus and upholding the South Dakota nexus standard, the Court provides specific criteria under which a state’s sales tax laws ...
The Supreme Court held that Quill Corp. v. North Dakota and National Bellas Hess Inc. v. Department of Revenue of Illinois – which held that a state cannot require an out-of-state seller with no physical presence in the state to collect and remit ...