A few things you may have missed this weekend while anxiously awaiting the return of the greatest show on TV (non-Simpsons division).
As an update to a previous post, the Service’s use of I.R.C. § 280E to deny all the deductions of a California medicinal marijuana business has bankrupted the dispensary, and left the remainder of the industry totally paranoid.
The best discussion I’ve found to date of how the expiration of the Bush tax cuts for those earning above $250,000 would actually work using real numbers.
We’ve already touched on the opportunity to sell your business before the 3.8% tax on unearned income kicks in for 2013, but the Wall Street Journal’s got some helpful investment advice to consider when preparing for the rate increase.