Florida Medical Marijuana – Turning Over a “New Leaf”

MM Blog 11-4Amendment 2 in Florida leaves many unanswered questions about a multitude of issues and undoubtedly societal concerns.

As with any controversial issue, one must weigh the pros/cons.

If Amendment 2 passes

SOCIETY PERSPECTIVE -

  • It will be inserted into the Florida constitution as Article X, Section 29, lifting civil and criminal liability for the medical use of marijuana by a qualifying patient.
  • It will also eliminate civil and criminal liability, and sanctions, for a physician that issues a physician certification for a person diagnosed with a debilitating medical condition.

STATE REVENUE PERSPECTIVE- 

  • Some current economic projections for Florida, estimate an additional $5.6 billion in sales – equating to an additional tax revenue of $338 million+

 

If you are worried about successfully navigating this complicated tax landscape, please contact one of the experienced TAX ATTORNEYS at Martello Law Group LLC, for a free 10 minute consultation.

TAX FRAUD – No Special Treatment for Celebrities!!!

Even celebrities are not exempt from IRS audits and criminal investigation and conviction!  Real Housewives of New Jersey stars Teresa and Joe Giudice were sentenced Thursday to 15 and 41 months of jail time, respectively. The couple pled guilty to charges including failure to file income tax returns, along with a handful of other charges….

Florida Restaurants – CURRENT TARGET for Sales Tax Audits!

The Florida Department of Revenue (DOR) has made recent attempts to complicate things for Florida restaurant owners.   This situation leaves the restaurant owner liable for large tax bills and possible jail time. Florida, with its fresh seafood, unique history, and blending of cultures has some of the most mouth-watering restaurants around. These fabulous restaurants come at…

Florida Department of Revenue – Increasing Focus on CRIMINAL Sales Tax Issues

If you operate a business in Florida that collects sales tax from your customers, take note, the Florida Department of Revenue (DOR) has been steadily increasing the number of felony arrest warrants issued for tax crimes.  To be sure, the IRS has a formidable criminal tax division, but Florida business owners who don’t respect tax…

Tips for Filing Your 2013 Income Tax Return

It’s that time again. Tax filing season has just started and since the April 15 deadline was not affected by the government shutdown, now is the time to begin the first step in the process: gathering your tax documents.

IRS SHUTDOWN 2013 – Has the Government Shutdown Jeoprodized your TAXPAYER RIGHTS?

Our Firm advocates for Clients facing tax issues – including those with the IRS.  With the Government Shutdown resulting in the closing of the IRS, we have encountered multiple instances of what appears to be violations of our Client’s rights as a Taxpayer. The Taxpayer Bill of Rights was enacted to ensure policies and procedures…

IRS Furlough – An “Extended Vacation” from Servicing Taxpayers

With Memorial Day (Monday, May 27, 2013) coming up, a lot of Americans are looking forward to a three day weekend. But don’t wait until Friday to take care of any issue lingering with the Internal Revenue Service (IRS). IRS employees will be enjoying an additional day of “vacation” on Friday, May 24, 2013. This…

TAX ISSUES – AND CONSIDERING BANKRUPTCY??

Tax issues and Bankruptcy

Even Heaven Could Not Save Florida Resident from Wrath of IRS

Nowhere to Run, Nowhere to Hide from IRS A Melbourne, Florida man could face up to six years in federal prison and a fine of up to $200,000 after refusing to accurately report his income to the IRS. His reason for not filing, as he told IRS agents, was that he was not subject to man’s laws because he…

This Year, Capitalize on your Capital Gains and Losses

Did you know almost everything you own and use for personal pleasure or investment purposes is considered a capital asset?

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