In March, Congress passed the Coronavirus, Aid, Relief and Economic Security Act (“CARES Act”) to aid businesses and individuals. One CARES Act relief provision offered the deferral of certain payroll taxes. In particular,...more
8/17/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Internal Revenue Code (IRC) ,
IRS ,
Payroll Taxes ,
Presidential Memorandum ,
Relief Measures ,
Social Security Taxes ,
Tax Deferral ,
Tax Relief ,
Trump Administration ,
U.S. Treasury
Cannabis (or marijuana) dispensaries have long stated that they are subjected to harsher tax consequences under the Internal Revenue Code (“IRC” or “Code”) than their “legal” counterparts. Specifically, they have argued, in...more
6/10/2020
/ Business Losses ,
Cannabis-Related Businesses (CRBs) ,
Constitutional Challenges ,
Cost of Goods Sold (COGS) ,
Dispensaries ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Marijuana Related Businesses ,
Sixteenth Amendment ,
Tax Court ,
Tax Deductions