by Michele Weiss | Jan 24, 2019 | Audit, Cannabis, Internal Revenue Service, Tax Litigation
The Harborside Health Center cannabis dispensary lost in the United States Tax Court. The Tax Court disallowed all of the dispensary’s expenses. However, the Tax Court opinion provides a roadmap for how to avoid the “Cannabis Tax Trap.” In Patients Mutual Assistance... 
by Michele Weiss | Dec 5, 2018 | Franchise Tax Board
The California Franchise Tax Board’s Voluntary Disclosure Program enables qualified taxpayers to file delinquent California income tax returns without incurring delinquency penalties. The program is designed for taxpayers who need to file California income tax returns... 
by Michele Weiss | Nov 9, 2018 | Internal Revenue Service, Tax Collection
The IRS penalizes taxpayers for failing to timely file their federal income tax returns or for failing to timely pay their federal income taxes, pursuant to IRC Secs. 6651(a)(1) and 6651(a)(2), respectively. Tax returns for partnerships and S Corps are due on March...