Potential changes to IRC Section 280E may create new planning opportunities for cannabis businesses, with broader access to deductions and credits. Early preparation may help...
Four bills recently advanced by the House Ways and Means Committee could have implications for tax-exempt organizations. The proposals address foreign funding disclosure, political activity,...
Question 8 asks Massachusetts voters to weigh a proposal that would eliminate the Commonwealth’s adult-use cannabis market, making it important for businesses, consumers, and industry...
As regulators evaluate federal cannabis rescheduling, operators have an opportunity to assess how potential changes could affect tax planning and business strategy.
New state conformity rules will affect when Massachusetts businesses may claim certain federal tax benefits. Understanding the implementation timeline now may help organizations identify planning...
Watch AAFCPAs’ consulting attorneys share strategies for navigating lobbying rules, understanding the 501(h) election, and protecting your organization’s tax-exempt status during challenging times in this...
In an April 23, 2026 press release, the U.S. Department of the Treasury announced that the Internal Revenue Service plans to revise Form 990. The...
For families focused on long‑term wealth planning, Trump Accounts, a newly introduced federal children’s savings program, now offer tax-advantaged long-term savings opportunities for children under...
The Government Accounting Standards Board (GASB) has issued Statement 103, Financial Reporting Model Improvements, introducing meaningful changes to how government entities present their financial information....
