Latest In: IRS marijuana

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IRS: Marijuana cash transactions aren’t automatically suspicious

Large cash transactions by marijuana businesses should not automatically be reported as suspicious, according to new IRS guidance.

News March 19
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Longtime California cannabis company reaches tax payment deal with IRS

StateHouse Holdings, formerly known as Harborside, agreed to a payment plan with the IRS to settle a $22…

News July 28
280E IRS marijuana marijuana taxes
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IRS debuts initiative to help cannabis companies pay taxes properly

The IRS launched a program aimed at helping businesses in state-legal cannabis markets pay their federal taxes properly…

News September 28
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280E IRS marijuana marijuana taxes
Chart explaining some of the IRS cannabis audit techniques

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…

News April 13
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Could IRS policy change strip marijuana trade associations of tax exemption?

The Internal Revenue Service issued a 280-page policy update in January, and buried deep inside is what appears to…

News March 29
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Week in Review: IRS Penalty Fight, Wait-and-See in Washington State & 2 More MJ Lawsuits

By John Schroyer The IRS refuses to budge on a controversial – and confounding – tax penalty, officials…

News February 20
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IRS Taking Tough Stance Against MJ Businesses Without Bank Accounts

The Internal Revenue Service has no sympathy for marijuana companies that can’t find bank accounts, it seems. An…

News February 17
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IRS Memo Could Raise Cannabis Industry’s Tax Bill by ‘Millions and Millions’ of Dollars

By John Schroyer A new IRS memo about tax issues tied to cannabis companies could end up costing…

News January 29
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