by Mark Sullivan | Published On Dec 23, 2025 | Cannabis, Price Kong Blog, Tax
Why Rescheduling Matters for IRC §280E IRC §280E currently disallows ordinary and necessary business deductions for any business “trafficking” in a substance listed under Schedule I or II of the Controlled Substances Act. Because cannabis has long been classified as a...
by Dawn Anderson | Published On Dec 18, 2025 | Cannabis, Price Kong Blog, Tax
A Landmark Shift in Federal Cannabis Policy: A Perspective from Price Kong We join our clients and colleagues in celebrating the federal government’s move to reschedule cannabis to Schedule III—a historic milestone that marks the beginning of a new financial era for...
by Mark Sullivan | Published On Dec 11, 2025 | Price Kong Blog, Tax
Upcoming IRS Change: Automatic First-Time Penalty Abatement (FTA) for 2025 Tax Filing Year Starting with 2025 tax returns filed in 2026, the IRS will begin automatically applying first-time penalty abatement for taxpayers who qualify—no request necessary. FTA is an...
by Samantha Sandland | Published On Dec 1, 2025 | Price Kong Blog, Tax
Arizona Tax Credits When you donate to organizations that provide assistance to qualifying charitable organizations; qualifying foster care organizations; public, charter, and private schools; and the Arizona Military Family Relief Fund, you can receive a...
by Dawn Anderson | Published On Nov 19, 2025 | Price Kong Blog, Tax
It is more important than ever to get a head start on year-end tax planning. To assist with the process, Price Kong has released a 2025 Year-End Price Kong Tax Planning Guide The end of the year presents a unique opportunity to make sensible financial moves that can...
by Dawn Anderson | Published On Jul 10, 2025 | Price Kong Blog, Tax
On July 4, 2025, President Trump signed H.R. 1, also referred to as the “One Big Beautiful Bill,” into law. This new legislation includes a range of business-focused provisions poised to boost American economy. Below are some of the most significant provisions. To...
