As discussed in more detail in my prior post, Alpenglow Botanicals (“Alpenglow”) is a state licensed Marijuana dispensary based in Colorado. Alpenglow was audited for several tax years and the IRS made adjustments, denying...more
4/3/2019
/ Business Expenses ,
Business Taxes ,
Controlled Substances Act ,
Criminal Penalties ,
Dispensaries ,
Eighth Amendment ,
Internal Revenue Code (IRC) ,
IRC Section 280E ,
IRS ,
Marijuana Related Businesses ,
Petition for Writ of Certiorari ,
Qualified Business Income ,
Tax Deductions ,
Tax Liability
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
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
It’s been a busy summer for cannabis business Section 280E controversy, with three published cases (Alterman v. Commissioner; Loughman v. Commissioner; and Alpenglow Botanicals, LLC v. U.S.) construing the statute, and...more