Month: November 2016

By Sanford Millar of MillarLaw A Professional Corporation On Friday, November 25, 2016

Prosecution for payroll tax fraud is a high priority for the IRS and Department of Justice.  Payroll tax fraud occurs in several manners, including false worker classification as independent contractors, understatement of taxable wages through cash payments, use/acceptance of false identification to disguise illegal alien labor.  The employer engaging in these forms of payroll tax … Continue reading Defenses Payroll Tax Fraud

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, November 20, 2016

The Controlled Substances Act (“CSA”) lists Marijuana (cannabis) as a Schedule 1 drug. That means “the drug or substance has no currently accepted medical use in treatment in the United States. Efforts to reclassify marijuana have recently failed. The enforcement of the CSA has been guided by the 2013 “Cole” Memo issued by the Department … Continue reading Warning to “Marijuana Investors” Consider Federal Enforcement

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, November 13, 2016

If you operate a trade or business and receive $10,000 or more in cash for goods or servicesyou must file an IRS From 8300 and report the payment within 15 days.  The calculation of the $10,000 threshold includes lump sum and cummulative payments made in a twevle month period.  The IRS Form 8300 Reference guide … Continue reading What happens if you fail to report cash payments to the IRS?

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, November 6, 2016

The prevalence of state laws legalizing the sale of marijuana does nothing to change federal law.  Marijuana remains a Schedule 1 drug under the Controlled Substances Act, (21 USC 801, et seq).  The act of manufacturing, distribution or sale of marijuana is a federal felony. The Department of Justice in the Cole Memo of 08/29/13 … Continue reading Selling Marijuana is still a Federal Crime, but income must be reported