Tax Court Limits Cannabis Pass-Through Deductions The US Tax Court’s Recent Decision in Savage v. Commissioner (165 TC 5) struck a blow to the cannabis industry which already receive unfavorable tax treatment. Section 280E of the Internal Revenue Code already prevents cannabis businesses for taking deductions for items most other businesses can claim deductions for
Cannabis Tax
Tax And Vice – CDTFA Audits Cannabis Business: Tax Audit Gone Wrong
CDTFA Audits Cannabis California Department of Tax and Fee Administration (CDTFA) Sales Tax audits are never a walk in the park. The recent California Office of Tax Appeals (OTA) decision in the Halo City Solutions matter, which involved a CDTFA audit of a Cannabis business, highlights just how a tax audit gone wrong can take
Tax and Vice – California Sales Tax and Cannabis Tax Issues before the CDTFA
California Sales Tax and Cannabis This installment of the Tax and Vice Blog will focus on a recent California Sales Tax and Cannabis Tax case heard by the California Office of Tax Appeals (OTA). The OTA sided with the CDTFA and ruled against the Taxpayer in Appeal of Sacramental Native American Church (SNAC). While there
Tax And Vice – Cannabis Tax
Cannabis Tax In our continuing series on Tax and Vice, we now discuss Cannabis Tax – the tax treatment of Cannabis Dispensaries and other businesses that sell cannabis, marijuana, and THC products like edibles. As this blog post will discuss, Section 280E of the Internal Revenue Code gives unforgiving tax treatment to cannabis dispensaries and