Understanding Estimated Quarterly Taxes
In our post on Form 1099, we alluded to the estimated quarterly tax system. Not all Americans pay taxes on an annual tax payment schedule. Not all Americans have only a single due date – April 15th –...
View ArticleVaping Taxes & Smoking
We’ve talked about taxes on tobacco and cigarettes before on our blog. Taxes on tobacco and nicotine products have gained attention in the media recently following the release of a new study on the...
View ArticleCannabis Ordinary Business Expenses
The recreational cannabis industry is taking off in many states in the U.S. At present, ten states and the District of Columbia have already legalized recreational marijuana. As we discussed in a...
View ArticleState Cannabis Taxation Rules
Lately, we’ve talked quite a bit about legalized marijuana taxes. We’ve talked about Section 280E, for instance, and the tax issues raised by this important tax code section. We’ve also talked about...
View ArticleThe Debate Over Tech Taxes
The growth of digital services has resulted in a huge boost to national economies around the globe. What’s more, the expansion of digital services has meant that a great many people have access to a...
View ArticleNY Co-Op Sales & Taxes
New York “co-op” apartments are unique to the State of New York. When a person owns a co-op apartment, they own a share of a “corporation,” which is the apartment complex itself. But, at the same...
View ArticleVermont State Budget Lessons
In contrast to many other states in the nation, the Vermont state budget for fiscal year 2020 appears to be relatively healthy. What’s more, unlike most budget plans, Vermont’s budget was...
View ArticleThe Internal Revenue Service History
Many people assume that the Internal Revenue Service has been around forever. Our country has always collected taxes, and so it seems to follow that we’ve always had some type of enforcement agency....
View Article