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IRS
Now the IRS Is Denying Nonprofit Status to Cannabis Industry Groups
The tax agency already hampers state-legal companies with Rule 280E. Now it's hitting industry associations, too.
280E Tax Reform Effort Still Alive, Senator Says
A Colorado Republican behind the measure said he’s still promoting it as the House and Senate hammer out differences between their tax bills.
With Big Banks Absent, IRS Gears up for Flood of Tax Cash
For cannabis businesses looking to make timely payments to the tax man, a new program is a welcome gesture—even if it won’t actually help many people.
IRS Agent Sentenced to 2 1/2 Years for $20K Bribe From Cannabis Company
A judge called the agent's conduct “a tremendous breach of public trust,” as well as “an affront to the United States, the IRS and all law-abiding tax payers.”
Courtroom Drama: Bribery, the IRS, and a Cautionary Cannabis Tale
A cautionary tale for cannabis businesses: What happens when a routine audit by the IRS goes awry, and what can a dispensary do about it?