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For over 75 years, payers of alimony (a.k.a. spousal support or spousal maintenance) were allowed to take a tax deduction for the amount of alimony paid to their ex-spouse. This shifted the income tax burden to the receiver of alimony, which in any instances...
Continuing Education Opportunity The legalization of marijuana has created business opportunities. It has also created many questions and uncertainties for professionals who advise businesses – due to the position of the federal government. Questions such as: What are...
Last month, the U.S. Food and Drug Administration (FDA) approved the first drug to utilize the marijuana plant-derived ingredient cannabidiol (CBD). This medicine has been approved to treat seizures associated with two severe forms of epilepsy in patients aged two or...
On June 28, the U.S. Senate passed its 2018 Farm Bill that includes provisions to legalize hemp as an agricultural commodity for the first time since the 1930’s. Senate Majority Leader Mitch McConnell initially proposed the Hemp Farming Act of 2018 as a stand-alone...