How long does it take the IRS to release your refund?
Click Here:http://bit.ly/2CZV1aR

#IRS #Refund

#IRS will NOT threaten to contact local police to arrest you for non-payment of taxes. http://www.irs.gov/phishing

If you’re affected by the California #wildfires, #IRS is providing #tax relief & helpful information. http://owl.li/sTDB30hHuJj

⛔️⛔️⛔️ Owing the IRS just got much worse! ⛔️⛔️⛔️

Landmark Tax Group had previously warned taxpayers that the IRS was given the authority to deny and revoke passports for taxpayers who owe back taxes.

The IRS has now issued guidance on the denial and revocation of passports due to serious tax delinquency. The IRS must notify the State Department when an individual has a “seriously delinquent” tax liability.

Generally, after receiving such a notification, the State Department will DENY an application for a new or renewed #passport.

The State Department may also REVOKE or LIMIT a previously issued passport. The #IRS and the State Department will begin implementation of these rules in January 2018.

What do you think about this new IRS power?

Contact www.LandmarkTaxGroup.com for help | Tel (949) 260-4770

#IRS reminder: The 2017 fourth quarter estimated tax payment is due Jan. 16.
irs.gov/payasyougo via @IRSnews

#Cannabis #Marijuana #Tax #IRS #280E #palmafinancial #mpalma #california #COGS #Sanfrancisco Beyond permit costs, the even bigger inhibitor is the financial reality of being part of a regulated industry. Under U.S. tax code 280e, many marijuana companies pay effective tax rates as high as 60 percent. To be compliant in California, says Steve DeAngelo, executive director of Harborside, one of the nation's largest dispensaries, they have to also "pay for security measures, mandatory product testing, licensing fees, taxes, employee benefits." In other words, these costs make it harder for legal players to compete with a black market that is perpetually undercutting them.
The ways around Section 280E, are specific, and you have to make sure ther business is set up right, because one simple mistake can blown up in your face.
For instance, in a state where cannabis is recreational, and your client is a dispensary, you need to find every way possible to increase cost of goods sold (COGS), to make a majority of the expenses deductible. One example, would be to take 25% of a dispensary’s floor space, close it off, and house inventory. Then you make the owner the inventory manager, All they do is handle inventory. That makes 25% of the rent, utilities and the owner’s salary deductible. In some states, it is common for a supplier to give a large discount to dispensaries that order in bulk. The problem that the dispensaries have is that they don’t have the room to store the excess inventory, so starting a management company, off site to hold the excess, and paying the company a fee to store the cannabis, is part of COGS, and is not a Section 280E business. http://ow.ly/Ph3I30hLtKk

#irs, #internal #revenue #service, #street #address, #location, #overnight #delivery, #service #center, #ta #return, #return, #ups, #united #parcel #service, #dhl, #federal #express, #fed #exp, #international, #abroad, #express #delivery, #rush,…

#Cannabis #Marijuana #Tax #IRS #280E #palmafinancial #mpalma #california #COGS #Sanfrancisco Beyond permit costs, the even bigger inhibitor is the financial reality of being part of a regulated industry. Under U.S. tax code 280e, many marijuana companies pay effective tax rates as high as 60 percent. To be compliant in California, says Steve DeAngelo, executive director of Harborside, one of the nation's largest dispensaries, they have to also "pay for security measures, mandatory product testing, licensing fees, taxes, employee benefits." In other words, these costs make it harder for legal players to compete with a black market that is perpetually undercutting them.
The ways around Section 280E, are specific, and you have to make sure ther business is set up right, because one simple mistake can blown up in your face.
For instance, in a state where cannabis is recreational, and your client is a dispensary, you need to find every way possible to increase cost of goods sold (COGS), to make a majority of the expenses deductible. One example, would be to take 25% of a dispensary’s floor space, close it off, and house inventory. Then you make the owner the inventory manager, All they do is handle inventory. That makes 25% of the rent, utilities and the owner’s salary deductible. In some states, it is common for a supplier to give a large discount to dispensaries that order in bulk. The problem that the dispensaries have is that they don’t have the room to store the excess inventory, so starting a management company, off site to hold the excess, and paying the company a fee to store the cannabis, is part of COGS, and is not a Section 280E business. http://ow.ly/M5sl30hLtHU