Using Cryptocurrency in Your Cannabis Business: Possible Solution to a Serious Banking Problem

Despite the increase in the number of states that have been legalizing marijuana for both medical and recreational use, many banks are still reluctant to assist marijuana growers, manufacturers, and retailers. Cannabis cryptocurrency provides a promising alternative. This past June, the House Appropriations Committee rejected a measure that would have...

Opportunity Zones, Part IV: How to Take Advantage of the Tax Benefits of Opportunity Zone Investment

Other Posts in this Series Part I: New Opportunity To Save Taxes While Doing Good Part II: The Tax Benefits of Opportunity Zone Investment Part III: Opportunity Zone Investment Rules Steps to ensuring that you receive the tax benefits of your opportunity zone investment. In Parts I, II, and III,...

Opportunity Zones, Part II: The Tax Benefits of Opportunity Zone Investment

Other Posts in this Series Part I: New Opportunity To Save Taxes While Doing Good Part III: Opportunity Zone Investment Rules Part IV: How to Take Advangage of the Tax Benefits of Opportunity Zone Investment The longer you hold qualified opportunity zone property, the greater the tax benefit. Opportunity Zones...

Opportunity Zones, Part I: New Opportunity to Save Taxes While Doing Good

Other Posts in this Series Part II: The Tax Benefits of Opportunity Zone Investment Part III: Opportunity Zone Investment Rules Part IV: How to Take Advangage of the Tax Benefits of Opportunity Zone Investment The new tax law provides a tax incentive for investments in “Opportunity Zones” in order to...

Save Now While Saving for Later: Retirement Funds and Year-End Tax Planning

The new tax law did not change the rules regarding retirement plan contributions and their limits. Taxpayers can still lower their taxable income by making contributions to their retirement savings plans before year-end. The Employee Benefit Research Institute’s 2018 Retirement Confidence Survey indicates that only 32% of retirees are “very...

Tax Law and the Horse Industry: Part VII, Buying, Selling, and Trading Horses

Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses...

Tax Law and the Horse Industry: Part VI, Deducting Horse-Related Business Expenses

Other Posts in this Series Part I: Impact of the New Tax Law Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VII: Buying, Selling, and Trading...