Cannabis (or marijuana) dispensaries have long stated that they are subjected to harsher tax consequences under the Internal Revenue Code (“IRC” or “Code”) than their “legal” counterparts. Specifically, they have argued, in...more
6/10/2020
/ Business Losses ,
Cannabis-Related Businesses (CRBs) ,
Constitutional Challenges ,
Cost of Goods Sold (COGS) ,
Dispensaries ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Marijuana Related Businesses ,
Sixteenth Amendment ,
Tax Court ,
Tax Deductions
While the Coronavirus has delayed tax season by a few months, Congress’s response may have created the first ever refund season in the recently passed and much discussed relief package known as the Coronavirus Aid, Relief,...more
4/3/2020
/ Business Losses ,
CARES Act ,
Coronavirus/COVID-19 ,
Financial Stimulus ,
Income Taxes ,
Net Operating Losses ,
Small Business ,
Tax Deductions ,
Tax Planning ,
Tax Refunds ,
Tax Relief
While the coronavirus has delayed tax season by a few months, Congress’s response may have created the first ever refund season in the recently passed and much discussed relief package known as the Coronavirus Aid, Relief,...more