MJ Biz Report: Newly released IRS documents detail efforts to collect taxes from marijuana companies under 280E

MJ Biz report

The “Maintenance” line in the graphic above has been adjusted. The totals did not change.)

(This is the introduction to a special series revealing key elements of more than 200 pages of internal IRS documents obtained by Marijuana Business Daily related to the enforcement of Section 280E of the federal tax code and the cannabis industry. The documents can be accessed here.)

The Internal Revenue Service has been fixated on the state-legal marijuana industry for more than a decade, largely because it’s been extremely lucrative for the federal agency to audit cannabis companies.

IRS audits of marijuana businesses have generated far more in unpaid taxes, or revenue, per hour for the..

Read the full article at

 

https://mjbizdaily.com/how-irs-tries-to-collect-taxes-from-marijuana-companies-through-280e/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20210412_NEWS_Daily

 

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