First Prison Term for Cannabis Related Tax Crimes
After the November 6, 2018 elections, 10 states now have legalized recreation marijuana use, and 31 states have legal medical marijuana. Even though cannabis is still illegal on a federal level, income earned must still be reported on an individual and/or business tax return. Matthew Price, a dispensary owner in Oregon learned the hard way. […]
Check Out “Bob’s†Response to an IRS Notice
Dear Sirs: I am responding to your letter denying the deduction for two of the three dependents I claimed on my Federal Tax return. Thank you. I have questioned whether or not these are my children for years. They are evil and expensive. It’s only fair that, since they are minors and no longer my […]
New Jersey Taxpayers: Amnesty Available Until Jan 15th!
Info on NJ Tax Amnesty New Jersey tax amnesty begins November 15, 2018 and ends at midnight on January 15, 2019. Taxpayers have an opportunity to pay their state tax liabilities and one-half of the interest that remains due on November 15, 2018, related to State tax returns due on or after February 1, 2009 […]