By: Amanda Wilson
I recently wrote about the Tax Court decision in Northern California Small Business Assistants Inc. v. Commissioner, which addressed whether Section 280E’s denial of tax deductions to marijuana businesses violates the Eighth Amendment as an excessive penalty. While the Tax Court upheld the constitutionality of Section 280E, the dissenting opinions provided hope for future challenges. The discussion can be found here.
By: Amanda Wilson
As I previously discussed (here), the federal tax due date for partnership and corporate tax returns changed a few years ago. Partnership and S corporation tax returns are due a month earlier on March 15th, while corporate tax returns are now due a month later on April 15th. In other words, if you were thinking you have until April 15th to file your partnership or S corporation tax returns, you need to file for an extension tomorrow.
By: Amanda Wilson
Qualified Opportunity Zones are a hot topic in the tax and business world, and are an opportunity that span into almost any business market. I get questions about them daily. If you are considering making an investment in property in a qualified opportunity zone, or are simply wondering what an opportunity zone is, I recently presented on this topic. A copy of the presentation materials can be found here.
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