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Paid or Incurred: Marijuana Rescheduling, Taxes, and Section 280E | JD Supra
JD Supra· 13 hours agoIt substantially increases the cost of doing business because it disallows deductions for expenses related to “trafficking” in marijuana – expenses that other traditional businesses get to deduct ...
Why Some Taxpayers With Unprocessed ERC Claims Should Consider Filing a Refund Lawsuit | JD Supra
JD Supra· 13 hours agoWith the IRS showing no sign of lifting its moratorium on processing Employee Retention Tax Credit (ERC) claims filed after September 14, 2023, businesses whose unpaid, legitimate ...
The Corporate Transparency Act and Tribal Businesses: What You Need to Know
The National Law Review· 7 days agoCongress passed the Corporate Transparency Act (CTA) to address money laundering, tax fraud, and other illicit activity by requiring companies to report ownership information ...
Elon Musk accused of improperly selling $7.5 billion in Tesla stock before weak sales report that...
San Jose Mercury News· 2 days agoElon Musk and the Tesla board are facing a shareholder suit over his sale of $7.5 billion worth of...
The IRS is making its free tax filing tool available to all - Marketplace
Marketplace· 7 days agoIt has been updated to include the IRS’ decision to make its newtax filing tool permanent. The...
Matterport CEO Raymond Pittman sells over $1.5m in stock By Investing.com
Investing.com· 2 days agoThe transactions included both acquisitions and disposals of the company's Class A Common Stock. On...
JD Supra: IRS Publishes Proposed Regulations on Stock Buyback Excise Tax
JD Supra· 6 days agoRegulations generally would apply to stock repurchases occurring after December 31, 2022, and stock issuances during taxable years ending after December 31, 2022, except that certain specific ...
Attorney for Todd, Julie Chrisley’s accountant asks to have his sentenced reduced
WSB-TV 2 Atlanta· 21 hours agoPeter Tarantino, 61, was found guilty of conspiracy to defraud the United States and willfully...
Ahoskie man convicted on federal charges for shooting at deputies - The Roanoke-Chowan News-Herald
Roanoke-Chowan News-Herald· 2 hours agoA federal jury convicted an Ahoskie man this week on charges of being a felon in possession of ammunition. Talametrius Kenyon Spruill, age 42, faces a maximum penalty of 180 months in prison ...
... and IRS Issue Final Regulations Regarding the Transferability of Tax Credits Under Section 6418...
JD Supra· 1 day agoThe final regulations adopt the provisions of the previously proposed regulations with modest modifications and clarifications. The registration portal for transferring tax