IRS introduces compliance effort for the cannabis industry
The US cannabis industry continues to evolve at the regulatory level Although cannabis businesses are known to owe tax just like any other traditional business, Section 280E of the Internal
The IRS has hosted a marijuana tax event that appears to support legalization
The tax authority apparently supports the idea of legalized cannabis Yesterday, the Internal Revenue Service (IRS) hosted a forum, the IRS National Tax Forum panel, with a special focus on
Certain cannabis companies may be eligible for tax deductions per IRS guidance
The taxman has published new rules that could see some cannabis companies cut their tax obligations The idea of being able to take certain business-related deductions when filing taxes has
IRS says no to cannabis deductions
The tax authority reiterates its stance after California takes a softer approach The IRS has a law on the books, 280E, that makes it impossible for legal marijuana-related companies to
Cannabis real estate firm wants to be considered an “opportunity fund”
The designation would allow shareholders to claim certain tax benefits Bangi is a real estate investment firm that offers diversified investment options through for real estate assets related to the
IRS being sued by marijuana company
The lawsuit stems from an interpretation of marijuana tax laws Harborside Inc., a cannabis company specializing in dispensaries, is reportedly on the hook for between $11 and $13 million in