Browsing Tag
IRS
11 posts
Executives Re-Enact Boston Tea Party To Protest Cannabis Tax Rule
A demonstration in Massachusetts on Wednesday re-enacted the Boston Tea Party to protest IRS rules that unfairly tax cannabis businesses.
New Illinois Budget Includes Provisions for Cannabis Businesses
Illinois is the next state to allow licensed cannabis businesses to take tax deductions under Section 280E.
IRS Commissioner Shares Recommendations for Cannabis Businesses
In a move that makes cannabis history, official recommendations are available from the IRS for the cannabis industry.
The Latest IRS Initiative Could Positively Impact Cannabis
A new initiative from the IRS could have a big impact on cannabis, as it could finally help with the tax breaks the industry needs.
IRS Targeted Pot Non-Profits for Deeper Scrutiny
A federal watchdog has has identified as many as 146 cases in which the Internal Revenue Service (IRS)…
Pot Industry Insiders On Why The IRS Is Targeting Them—And How To Avoid Business Disruption
According to several sources in the Colorado cannabis industry, the Internal Revenue Service (IRS) has been trying to…
Investigation Reveals IRS Forfeits Totally Legal Money
An investigation by the U.S. Treasury Department‘s Inspector General for Tax Administration, launched under pressure of litigation brought by the libertarian-leaning Institute for…
IRS Agent Busted for Extorting Money From Marijuana Dispensary Owner
An agent working in the Seattle branch of the Internal Revenue Service is now facing criminal charges after…
Obstacles to a Cannabis Real Estate Investment Trust
Real Estate Investment Trusts (REIT) are required by the IRS to pay out at least 90 percent of…
Lawmakers to IRS: Stop Treating Pot Business Like Criminals
Legal marijuana businesses are treated like two-bit thugs when it comes time to pay the taxman. Even though…