- Both Code sections end with a capital letter.
- Both are in Subchapter B.
- Both have to do with deductions.
- Both treat certain types of businesses differently than others for no good reason.
-...more
It’s a new year, but why not live in the past just long enough to talk briefly about that last couple of Section 280E cases that trickled in at the end of 2018? Today, I’m reviewing the two Harborside cases....more
1/23/2019
/ Audits ,
Controlled Substances Act ,
Corporate Taxes ,
Dispensaries ,
Drug Trafficking ,
Internal Revenue Code (IRC) ,
IRC Section 280E ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Res Judicata ,
Tax Court
If you read my most recent post on Section 280E of the Internal Revenue Code, you might have picked up on my disappointment with the Alpenglow opinion. Whether the conclusion is right or wrong, in my estimation, it could have...more
11/7/2018
/ Appeals ,
Business Taxes ,
Compassionate Use Act ,
Controlled Substances Act ,
Drug Trafficking ,
IRC Section 280E ,
IRS ,
Marijuana Related Businesses ,
Public Policy ,
Statutory Authority ,
Tax Credits ,
Tax Deductions ,
TEFRA
Today, we’re picking up right where we left off last week, shedding more light on Section 280E by examining some of the noteworthy cases (and one memo) that have come to define it....more