This week we look at:

Tax Implications of the Rescheduling of State-Licensed Medical Marijuana
Disallowance of COVID-19 Leave Credits: A Review of Substantiation and Trade or Business Requirements
Substantiation, Entity Indebtedness, and Business Expense Deductibility: An Analysis of the Simmons Case
The Tenth Circuit Codifies the Reach of the Economic Substance Doctrine Over Mechanical Statutory Compliance
Treatment of Loyalty Rewards Program Funds and the Claim of Right Doctrine
Valuation and Penalty Controversies in Estate Tax Examinations

An audio only version of this week’s broadcast can be streamed or downloaded below.

The text of the articles for this week’s update and the slides (with infographics) can be downloaded below: