IRS Audits >> Holtz, Slavett & Drabkin, APLC

Rescheduling Marijuana from Schedule I to Schedule II: No More I.R.C. § 280E, More Tax Deductions, and Potential Refunds to Cannabis Businesses?

by David J. Warner | May 28, 2024 | Internal Revenue Service

Cannabis businesses that cultivate, distribute, or sell marijuana have long been subject to I.R.C. § 280E. Section 280E states that no deduction or credit is allowed for a business that “consists of trafficking in controlled substances (within the meaning of schedule...

Government Shutdown Effect on IRS and Tax Court

by Igor Drabkin | Jan 21, 2019 | Audit, Internal Revenue Service, Tax Litigation

The government shutdown has had a significant impact on the tax administration, including important IRS functions and U.S. Tax Court’s operations.

Rescheduling Marijuana from Schedule I to Schedule II: No More I.R.C. § 280E, More Tax Deductions, and Potential Refunds to Cannabis Businesses?

Government Shutdown Effect on IRS and Tax Court

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