Oct 6, 2024 | Uncategorized
The cannabis industry is facing an ongoing tax dilemma, particularly regarding Section 280E of the Internal Revenue Code, and a recent warning from the IRS suggests that businesses hoping for tax relief may be in for a rude awakening. What is Section 280E? Section...
Sep 20, 2024 | Uncategorized
The Employee Retention Credit (ERC) has been an essential tool for businesses navigating the financial challenges of the COVID-19 pandemic. Designed to encourage companies to retain employees during times of financial hardship, ERC offers substantial tax credits that...
Sep 15, 2024 | Uncategorized
In the world of corporate acquisitions, the fine print can make all the difference—especially when it comes to the tax sections of stock purchase agreements. As demonstrated by the recent U.S. Supreme Court ruling in Connelly v. United States, understanding and...
Sep 7, 2024 | Uncategorized
Real estate investing can be highly profitable, but it also brings significant tax responsibilities. Investors must navigate complex tax obligations, and failure to manage these properly can lead to serious issues with the IRS. Understanding tax resolution strategies...
Aug 15, 2024 | Uncategorized
Receiving an audit notice from the IRS can be an intimidating experience. Understanding the types of IRS audits and their requirements can help you navigate the process more effectively. It’s important to note that managing an audit on your own can be...
Aug 4, 2024 | Uncategorized
The IRS has recently identified five new warning signs of incorrect Employee Retention Credit (ERC) claims, a pandemic-era tax credit designed to help businesses retain employees. As part of its ongoing efforts to ensure compliance, the IRS scrutinizes claims and...
