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The IRS has issued new guidance on the federal income tax consequences of certain state payments, adding to its previous guidance from earlier this year on state payments made in 2022.
The U.S. Department of Health and Human Services (HHS) has recommended reclassifying cannabis as a lower-risk drug, which would have positive implications for the burgeoning recreational cannabis industry, various news organizations reported.
With so many regulators out here, it can be tough to keep track of all the decisions being made. This is the NYSSCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.