IRS report foreshadows national uptick in cannabis audits but offers a big loophole, experts say
A new report from a branch of the U.S. Treasury Department confirms the Internal Revenue Service is preparing…
News April 3
Latest In: 280E
Advice on 280E for marijuana executives: Settle in lieu of fighting with the IRS
As a former Federal Commissioned Officer of the Internal Revenue Service, here’s my advice for cannabis companies and…
News March 12
US Tax Court rules cannabis deductions are not allowed
The U.S. Tax Court again ruled that Section 280E of the Internal Revenue Service tax code is constitutional…
News October 24
Cannabis firm Harborside owes $11 million under 280E, US Tax Court rules
After a lengthy legal fight with the Internal Revenue Service over the applicability of 280E business deductions to…
News October 21
Former IRS attorney warns of upcoming ‘tsunami’ of marijuana-related 280E audits
A tax expert who spent six years as an IRS trial lawyer is sounding a new 280E alarm…
News October 16
US Supreme Court declines to hear 280E marijuana tax case
Marijuana businesses hoping to see the end of onerous 280E tax provisions were dealt a setback by the…
News June 28
Industry experts: Federal marijuana reform an uphill battle, but odds brighten for veterans’ access to MMJ, banking
Is federal marijuana reform on the near-term horizon? Some cannabis industry officials believe so. They point to strong…
News March 6
New Tax Court rulings a mixed bag for marijuana companies
Two new rulings from the U.S. Tax Court this week provided more guidance for cannabis companies dealing with…
News December 21
280E still applies to marijuana companies, US Tax Court rules
The U.S. Tax Court ruled on a 2½-year-old case in which California-based Harborside had hoped to end 280E's…
News December 3Featured
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