IRS Continues to Audit and Litigate Against Cannabis Businesses

Retrieved on: 2021-04-23 19:29:46

Tags for this article:

Taxation in the United States

Tax

Taxation of illegal income in the United States

Tax deduction

Cannabis

Internal Revenue Service

Section 179 depreciation deduction

Public policy limitation on deduction for business expenses

U.S. Tax Court

Click the tags to see associated articles and topics

IRS Continues to Audit and Litigate Against Cannabis Businesses. View article details on hiswai:

Excerpt

Consequently, the U.S. Tax Court held that, although Section 280E prohibited business expenses attributable to the provision of medical marijuana, ...

Article found on: www.jdsupra.com

View Original Article