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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Employee Benefits, Cafeteria Plans, and Travel and Related Expenses

ByiFind Taxpro Tax Guide February 3, 2023
A.            EMPLOYEE BENEFITS Employee benefits refer to forms of compensation given to employees that go beyond their usual wages or salaries…

Equity Linked Compensation: Restricted Stock, Stock Options, RSUs, SARs

ByiFind Taxpro Tax Guide February 3, 2023
In addition to cash payments, many of those who work for a technology start-up company receive some form of equity-linked compensation that often has…

Research and Experimental Expenditures (R&E) Issues

ByiFind Taxpro Tax Guide February 3, 2023
Starting January 1st, 2022, R&E expenses are not deductible in the year incurred. They need to be capitalized and amortized over 5 or 15 years…

Paying Service Providers

ByiFind Taxpro Tax Guide February 3, 2023
There are two main ways to compensate service providers in the U.S.: as employees and as independent contractors. The employees receive wages subject…
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