New Jersey in May became the 20th state to decouple IRC Section 280E from its state tax code, allowing cannabis businesses the same standard business…
Tag:
280E
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Cannabis businesses contending with the devastating effect of Section 280E already know they’re paying too much money in taxes every year, but a new report…
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As a partner and Chief Technical Officer at Calyx, Jorgenstone has been responsible for helping the company develop aggressive and innovative — yet legal and…
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So, you and your accountant or tax attorney have met with an IRS examining agent, and you’ve presented solid proof that they’re barking up the…
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In 1981, the IRS denied $30,341.69 in costs of goods sold (COGS) and business expenses reported by Minnesota drug seller Jeffrey Edmondson and determined a…
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It’s the time of year when the birds begin to return, trees start to bud, flowers push fresh, green shoots through the thawing ground and…
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The end of 2018 brought with it an interesting U.S. Tax Court case affecting the cannabis industry. Though not a pro-taxpayer case — the IRS won…
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With the entire cannabis industry running scared of Internal Revenue Code 280E, what else can the IRS possibly do to make it even more burdensome?…
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With tax deadlines rapidly approaching, I have received a flurry of questions from legal cannabis companies. Confusion around the tax code arises for many reasons,…
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With tax deadlines rapidly approaching, I have received a flurry of questions from legal cannabis companies. Confusion around the tax code arises for many reasons,…
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