Steve Sims EA llc


Announcements and Updates

Selling weed in California for profit, the Franchise Tax Board doesn't want you to forget…..

California taxes its residents on all income, including income from marijuana related activities. California taxes non-residents on income from California sources. All income apportioned to California by business entities is taxable. Marijuana-related activities conducted in California by business entities, including entities organized as nonprofit entities/businesses, are also taxable.

Check out this link for more information regarding Marijuana related activities (tax related) in California

Or we can talk about it…. ;)