Tax Issues in the Cannabis Industry
The IRS has made tax enforcement in the cannabis industry one of its top priorities.
Harborside Health Center Tax Court Decision: Avoid The Cannabis Tax Trap!
The Harborside Health Center cannabis dispensary lost in the United States Tax Court. The Tax Court disallowed all of the dispensary’s expenses. However, the Tax Court opinion provides a roadmap for how to avoid the “Cannabis Tax Trap.” In Patients Mutual Assistance... California FTB Announces Cash Tax Payment Option for Cannabis Taxpayers
California Franchise Tax Board announced its policy for cannabis clients that are only able to pay their tax obligations with cash.