Statute
Section 280E
32 published works
Tax Controversy Report
Section 280E and the Harsh Reality of Double Taxation
There is not too much to say about the Tax Court's latest decision involving a marijuana company. In Loughman v. Commissioner, T.C. Memo 2018-85, the operators of a Colorado marijuana…
Tax Controversy Report
The High Tax Compliance Burden For Cannabis Businesses
Yesterday, the Tax Court issued its opinion in Alterman v. Commissioner, T.C. Memo 2018-83. This case involved the operation of a medical marijuana dispensary which was reported on Schedule C. …
Business and Commercial
What to Look for When Choosing Your Cannabis Accountant
Your cannabis business should have a team of professionals and advisors on which you can rely. Our cannabis business lawyers are often asked to recommend accountants who work with cannabis businesses.…
Tax Controversy Report
IRS Audits of Cannabis Companies and the Importance of Substantiation
Today, the Tax Court issued its opinion in Feinberg v. Commissioner, a case involving an ongoing and hard fought battle between the IRS and a medical marijuana dispensary, Total Health…
In The Weeds
IRS Audits of Cannabis Companies and the Importance of Documentation
Today, the Tax Court issued its opinion in Feinberg v. Commissioner, a case involving an ongoing and hard fought battle between the IRS and a medical marijuana dispensary, Total Health Concepts,…
Cannabis
Tenth Circuit Holds Marijuana Dispensary Not Entitled to Injunctions Against IRS
In The Green Solution Retail v. U.S., Case No. 16-1281, 10th Cir, May 2, 2017, the Tenth Circuit agreed with the District Court that a marijuana dispensary was not entitled…
In The Weeds
Jennifer Benda Speaks About IRC Section 280E And IRS Enforcement
By Joshua Horn
On May 10, 2017, our partner, Jennifer Benda, will be speaking at a Colorado Bar Association event in Denver. She will be presenting an overview of federal taxation of marijuana,…
In The Weeds
Another Court Heard From On Section 280E
By Joshua Horn
IRS Code Section 280E presents many challenges for business in the cannabis industry. Our partner, Jennifer Benda, recently blogged about how a court in New Mexico addressed this issue. Check…
Tax
New Mexico District Court: IRS Can Summons Information Needed to Prove Taxpayer is Subject to Section 280E
In recent IRS summons litigation, a Federal District Court in New Mexico has ruled that the IRS may seek information from a bank, the New Mexico Department of Health - Medical…
In The Weeds
IRS Enforcement Of Section 280E
By Joshua Horn
Our tax and wealth planning partner, Jennifer Benda, recently blogged about a recent federal court ruling regarding IRS enforcement of Section 280E. Check it out to learn more.