Tax Court Confirms No Deductions for State-Legal Cannabis Business, Part VI: A Win for Harborside – No Accuracy-Related Penalties for Marijuana Business Acting in Good Faith

Other Posts in this Series Part I: Harborside on the Front Lines Again Part II: Harborside vs. IRS Part III: Harborside vs. IRS (The Tax Court Discusses Semantics and Shakespeare) Part IV: How Does Your Business Operate? Part V: Arguing Cost of Goods Sold Part VII: Five Lessons Learned from...

Tax Court Confirms No Deductions for State-Legal Cannabis Business, Part V: Arguing Cost of Goods Sold

Other Posts in this Series Part I: Harborside on the Front Lines Again Part II: Harborside vs. IRS Part III: Harborside vs. IRS (The Tax Court Discusses Semantics and Shakespeare) Part IV: How Does Your Business Operate? Part VI: A Win for Harborside – No Accuracy-Related Penalties for Marijuana Business...

Why You Should Amend Your Partnership and LLC Agreements Now

Congress recently enacted significant changes to partnership audit and adjustment rules, dramatically increasing the audit rates for partnerships and will require partners to carefully review, if not revise, their partnership’s operating agreement. The new rules generally apply to partnership returns filed after 2018, and careful planning today will help mitigate...

Tax Court Confirms No Deductions for State-Legal Cannabis Business, Part IV: How Does Your Business Operate?

Other Posts in this Series Part I: Harborside on the Front Lines Again Part II: Harborside vs. IRS Part III: Harborside vs. IRS (The Tax Court Discusses Semantics and Shakespeare) Part V: Arguing Cost of Goods Sold Part VI: A Win for Harborside – No Accuracy-Related Penalties for Marijuana Business...