On Wednesday we posted a blog discussing the recent IRS ruling against medical marijuana dispensaries’ ability to take deductions for payroll, expenses, etc. Now it appears that […]
The IRS has ruled that dispensaries of medicinal marijuana cannot deduct standard business expenses such as payroll, security, or rent. In a ruling against Harborside Health […]
Two campaign finance reform advocates have asked the IRS to investigate the special tax status claimed by four tax-exempt organizations that are expected to play a […]
The IRS has recently issued Notice 2011-72 which provides guidance on the tax treatment of cell phones that employers provide to their employees primarily for business purposes. Section […]
Many times we come across individuals who feel that a “nonprofit” and “tax-exempt” entity are the same thing. However, this is not the case and there […]
