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Los Angeles California Form 8300: What You Should Know

May 20, 2024 — Learn more about reportable cash transactions on the Marijuana Commission's website.  April 20, 2024 — The state of California has a number of reporting requirements under state law that cannabis businesses must follow, including reporting of cash, and the requirement to file a cash receipts disclosure report.  May 9, 2024 — As a cannabis operation continues to flourish, there will be a growing need within the cannabis industry of reporting cannabis related cash. When doing this the following steps must be followed: March 2, 2024 — IRS Revenue Rule 29c (F), establishes specific reporting requirements under the federal income tax, that may apply to cannabis businesses depending on their specific activities. May 18, 2024 — The IRS issued final guidance to businesses on this requirement and how to comply.

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