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IRS Confirms Marijuana’s Status and Section 280E Tax Limitations
The Internal Revenue Service (IRS) has issued a reminder to taxpayers that marijuana remains classified as a Schedule I controlled substance under federal law. Consequently, businesses involved in the marijuana trade are subject to the…
Small Business Offering Watches Made with Pieces from Collapsed Baltimore Bridge
The Francis Scott Key Bridge was one of the most recognizable landmarks in the Baltimore area before its partial collapse earlier this year. And one Baltimore small business is keeping its memory alive by integrating parts of the collapsed…
Texas Business Owner Sentenced to 37 Months for Tax Evasion
A Texas man was sentenced today to 37 months in prison, three years of supervised release, and ordered to pay $529,551 in restitution to the United States for evading taxes on income he earned from his business.
According to court…