Recalculating COGS for Cannabis Companies Subject to IRC 280E

Recalculating COGS for Cannabis Companies Subject to IRC 280E

  OVERVIEW OF TIGTA REPORT DATED MARCH 30, 2020 The Treasury Inspector General for Tax Administration (“TIGTA”) was established in the 1980’s to provide independent oversight of the Internal Revenue Service’s (“IRS”) activities.  On March 30, 2020, TIGTA released...
The Silver Lining of Decreased Income During the Pandemic

The Silver Lining of Decreased Income During the Pandemic

While many individuals are struggling financially during the COVID-19 pandemic, there are tax planning strategies that can be implemented now for long term income tax savings. Convert IRA to ROTH IRA – If the value of your IRA has taken a dive during this...