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
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…
As a partner and Chief Technical Officer at Calyx, Jorgenstone has been responsible for helping the company develop aggressive and innovative — yet legal and…
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…
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…
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…
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…
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?…
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,…
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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