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JD Supra: Tax Refunds for Cannabis Businesses? What Is the Story?
JD Supra· 7 days ago...) on whether the refund was related to IRC §280E.[1] In addition to Trulieve, another cannabis business, Ascend Wellness Holdings, has also reported it has amended federal tax returns for several years and is expecting to receive refunds.[2] Before jumping into the speculation as to what the...
Mike Beltran: Misleading Hillsborough Transportation Tax is a warning against tax increases
Florida Politics· 5 days agoRecently, the Legislature allocated hundreds of millions of dollars for both a sales tax holiday and...
IRS is expanding its free filing program. Here's what that means for taxpayers.
Yahoo Finance via AOL· 1 day agoDirect File, the IRS’s free online tax filing tool, is here to stay. Yahoo Finance chatted with...
I Won the Lottery! How Bad Are Taxes Going to Be?
SmartAsset via Yahoo Finance· 2 days agoBefore you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on...
IRS says it will refund taxes extracted from Ohioans who got financial assistance after Norfolk...
Fortune· 1 day agoThe Internal Revenue Service said Wednesday that most of the payments people who live near East Palestine, Ohio, received to help them pay for temporary housing or replace their belongings aren ...
New Colorado tax credit could lift 50,000 children out of poverty, is latest to tap TABOR surplus
Denver Post· 6 days agoLawmakers passed dozens of new tax credits this year that tapped into massive revenues the state...
Free direct filing of federal taxes may be offered soon throughout the U.S.
Pennsylvania Capital-Star via Yahoo News· 7 days agoThe pilot program offered in 12 states from March to April drew roughly 140,000 accepted returns...
Mass. tax collections were down $260M in May
The Republican· 21 hours agoMassachusetts collected $260 million less in tax revenue in May. But the state is still ahead of projections for the year as lawmakers head into the...
June 2024 rebates: Full list of states sending out direct payments
Newsweek· 17 hours agoThe rebates can work as an incentive for more sustainable energy choices, like choosing to drive an...
Ex-Cop Is Too Late in Filing New Jersey Income Tax Refund Claim
Bloomberg Law· 4 days agoA former police officer’s challenge to a $16,000 income tax refund denial should be tossed because she filed her challenge more than two years after the ...