Outdated Tax Code Calls Marijuana Dispensaries Drug Traffickers

​Seattle Seminar Saturday March 10th to Educate Attorneys, Accountants and Cannabis Business Owners How to Prepare Their Businesses for Possible IRS Audits under the Current 280E IRS Tax CodeThe Internal Revenue Service is using tax audits to rule that state-sanctioned cannabis businesses are deemed "drug trafficking organizations" under Section 280E of the IRS code which was created decades ago. Through this definition of the tax code, the IRS is denying legitimate businesses from making normal deductions such as rent payments, payroll, insurance, and other usual business expenses incurred, and demanding large taxes and fines on the industry. Continue reading "Outdated Tax Code Calls Marijuana Dispensaries Drug Traffickers" >