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
Tax and Vice
Tax and Vice – A California Retailers Guide to Tobacco Taxes and Vape Taxes
California Vape Taxes This next installment of the Tax and Vice blog will provide a brief rundown of what tobacco and vape retailers in California (such as liquor stores, smoke shops, and convenience stores) need to know about state and federal tobacco taxes. Tobacco is subject to both federal and state (CDTFA) excise taxes. While
Tax and Vice – Federal Tobacco Taxes
Federal Tobacco Taxes In the installment of our Tax and Vice blog, we discuss California State (CDTFA) Federal Tobacco Excise Taxes. The Alcohol and Tobacco Tax and Trade Bureau (TTB) is responsible for collecting Federal Tobacco Taxes, not the IRS. The CDTFA collects state excise taxes in California. This post will provide a basic rundown
Tax and Vice – The Treatment of Gambling Tax and Gaming Losses
Gambling Tax and Gaming Losses This first installment of our Tax and Vice series will discuss the treatment of gambling tax and gaming losses. How are gambling winnings taxed? Are there any tax deductions available for gambling losses and lost wagers? What are the tax implications if a casino, the lottery, or racetrack issues me