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With the legalization of cannabis in California, a new booming industry full of potential and prosperity has arrived with lots and lots of cannabis taxes. Cannabis taxes are an unavoidable part of being a user in the state, however, how many of them you have to pay is all up to whether or not there […]

If you just got to this article by Googling “how to hide crypto profits from the IRS” a disconcerting search query we’ve noticed some people are Googling (also “avoid crypto taxes”), please read the rest of this brief article before continuing your research. After reading you may want to reconsider your approach to saving money […]

With owning a business comes employees, meaning that you’ll need to know what to do with cannabis payroll taxes. All businesses, whether they are a nonprofit or for-profit, medical, or recreational, licensed by the Bureau of Medical Cannabis Regulation, that have or use employees, are subject to payroll taxes. Cannabis payroll taxes are taxes paid […]

With nearly two-thirds of the country having legal cannabis in the form of either medical or recreational programs, comes a series of conflicting and confusing taxes and regulations that are applied across the country. Every state has its own rules and California cannabis taxes are no different. Because there is no overarching federal regulations on […]

With the many taxes that you have to pay in California, the cannabis sales tax is one that you’ll no doubt encounter, making it important to know what it’s all about. What do I need to know about cannabis sales tax? A cannabis sales tax is imposed on all sales of marijuana and in California […]

In October the United States Internal Revenue Service (IRS) issued new guidance for taxpayers to calculate the taxes they owe on cryptocurrencies. It was the first time in five years that the IRS had issued guidance related to paying taxes on crypto. Given that the entire cryptocurrency industry is hardly over a decade old, the […]

As a cannabis business owner, you are going to run into a lot of taxes that you’ll have to pay, one of them being a cultivation tax. A cultivation tax is imposed on those who cultivate cannabis that enters the commercial or medicinal market and is a big part of how California makes its tax […]

A Revenue Officer is employed by an IRS field collection office. Their job is to collect money. A Revenue Agent, on the other hand, is someone who is employed by the IRS to audit taxpayers. While an Internal Revenue Officer may appear intimidating at first, it is important to understand what this individual’s job is when it comes to […]

The following assumes that estate and inheritance tax will not be an issue or that they will have been paid prior to the receipt of the $200,000. Yes. Your tax bill for taxes previously owed will threaten the $200,000 you are inheriting next year unless you pay it before you come into your inheritance. If […]

A tax protester is someone who refuses to pay a tax claiming that the tax laws are unconstitutional or otherwise invalid. Tax protesters are different from tax resisters, who refuse to pay taxes as a protest against the government or its policies, not out of a belief that the tax law itself is invalid. Tax protesters raise a […]