Tag:IRS

How the Inflation Reduction Act May Impact Your Business

Sherman & Howard corporate and M&A associate Evy Duek explains the impacts of the new Inflation Reduction Act on businesses.

IRS-CI Releases Annual Report Highlighting 2,500+ Investigations, Law Enforcement Partnerships

The IRS-Criminal Investigation Denver Field Office announced this morning the release of its annual investigative report.

Former Attorney Sentenced for Conspiracy to Wire Fraud & Money Laundering

Former California attorney David Kaplan was sentenced for conspiracy to commit wire fraud and money laundering.

10th Circuit Says Passport Revocation for Unpaid Taxes is Constitutional

Americans who owe back taxes of five figures or more might not be able to travel with a passport after a July 20 opinion from the 10th Circuit Court of Appeals.

Thomas Issues Statement on Colorado Marijuana Appeal as SCOTUS Denies Cert

A Colorado marijuana tax case was rejected by the U.S. Supreme Court, but the court released a statement pointing out patchwork legislation.

10th Circuit: IRS Can Audit Marijuana Information

In one of several cases over the past years surrounding the Internal Revenue Service’s ability to investigate and impose tax consequences on marijuana-related business...

July Tax Deadline May Have Just Delayed Onset of Related Financial Woes

The federal government extended this year’s tax filing deadline to July 15, but that hasn’t been a solution to every type of tax woe...

Marijuana Industry Faces More Audits, Same Heavy Tax Burden

A recent Treasury Department review of IRS practices showed that auditing marijuana businesses pays off, and cannabis industry attorneys say they expect more scrutiny...