Form 8300 – What Is It and Who Needs to File?

Form 8300 – What Is It and Who Needs to File?

Taxpayers involved with cash intensive industries, like cannabis, need to be aware of additional filing requirements with the Internal Revenue Service (“IRS”) and the Financial Crimes Enforcement Network (“FinCEN”) when receiving cash.  Those who fail to comply face...
Corporate Delaware Annual Franchise Tax Return

Corporate Delaware Annual Franchise Tax Return

Many founders decide to incorporate their business in the State of Delaware, often at the advice of corporate attorneys and investors.  While the corporation may not have an income tax imposed simply for incorporating in the state, the corporation remains subject to...
California Cannabis Tax Credits

California Cannabis Tax Credits

On June 30, 2022 California enacted Assembly Bill 195 (AB 195) that paved the way for two additional tax credit opportunities for Commercial Cannabis Companies operating in California.   High-Road Cannabis Tax Credit For each taxable year beginning on or after...
Cannabis Tax Relief for California Operators

Cannabis Tax Relief for California Operators

In the highly regulated cannabis industry much needed tax relief has been passed in California.   Cultivation Tax Eliminated On June 30, 2022 California enacted Assembly Bill 195 (AB 195) which eliminates the weight-based cannabis cultivation tax.  Effective July...