IRS Clarifies Cannabis Tax Rules

ByiFind Taxpro Tax blog February 6, 2025 (0)
June 2024 Declaration Keeps Marijuana Businesses Under Strict Tax Rules: No Business Deductions for 2025 Tax Season On June 28, 2024, the IRS reaffirmed that marijuana remains a Schedule I controlled substance, reminding cannabis.

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State Income Taxes

ByiFind Taxpro Tax Guide February 3, 2023
NEXUS Nexus, a connection between a business and the state, must exist for a state to impose income tax. States establish the rules to use when…

Corporate Liquidation

ByiFind Taxpro Tax Guide February 3, 2023
When a corporation liquidates, the value of the assets it holds as of the date of liquidation is included in its taxable income for that year. U.S…

Dividends, Interest, Rents, and Royalties: Tax Results and Reporting

ByiFind Taxpro Tax Guide February 3, 2023
Dividends are payments made by a corporation to its shareholders from current or accumulated earnings. Dividends can be paid in cash, other assets…

Meals and Entertainment

ByiFind Taxpro Tax Guide February 3, 2023
Meals during travel will be reimbursed as travel expenses based either on per diem allowance rates or actual amounts expensed (see Travel Expenses…
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