US marijuana legalization advocates in ‘waiting game’ on Schumer bill
It’s been more than two months since Senate Majority Leader Chuck Schumer pledged to tackle federal marijuana legalization, but so far there’s been little in the way of details made known about what the Democrat’s bill might include.
IRS has spent years training agents on marijuana audits
The IRS has been training its agents for at least eight years in the finer details of auditing marijuana companies, using PowerPoint presentations that outline everything from legal precedents to questions that should be asked during interviews with business owners.
280E is a political weapon targeting marijuana companies, but there may be a fix
I’m angry. There are too many examples of innocent people suffering because of our nation’s politics and prejudices.
The Internal Revenue Service’s audit program and enforcement of Section 280E of the federal tax code are another example.
Confidential IRS marijuana guide details audit procedures for agents to follow
Marijuana industry tax experts have known for years the IRS was circulating among its agents a document akin to an Audit Technique Guide – essentially, a manuscript for how agents should deal with Section 280E of the Internal Revenue Code and the state-legal cannabis businesses that it covers.
Documents reveal how IRS became more adept at evaluating marijuana company taxes
The Internal Revenue Service has been scrutinizing the books and records of marijuana companies for more than a decade, ordering business owners to hand over tens of millions of dollars in unpaid taxes.