IRS Will Keep Applying 280E Tax On Marijuana For Years Prior To Rescheduling And Could Seize Assets From Businesses That Owe, Official Says

Marijuana Moment
By Kyle JaegerSep 24, 2024, 8:53 am353 ptsTop
The Internal Revenue Service (IRS) will continue to seek tax payments from marijuana companies that have claimed deductions in anticipation of a possible federal rescheduling decision, an attorney with the federal agency says. And if the reform is enacted, he says IRS would theoretically be empowered to seize…

Read Article Share
Share Article
- email
- twitter
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on NewsBudz

Massachusetts’s Social Equity Cannabis Program Is Back On Track After A Year On Pause 79

Congressional Committee Moves To Block Marijuana Rescheduling 79

Delaware Governor Weighs ‘Competing Priorities’ As Marijuana Zoning Bill Sits On His Desk 78

Cannabis Therapeutics conference set for Sept 14-16 in VA 78

Aurora Cannabis earns EU-GMP certification for fourth marijuana facility 75

Aurora Cannabis receives EU-GMP certification for its Ontario distribution centre 75

New research uncovers the significant THC variability in dried cannabis flower 74

Worker Killed, Hundreds Arrested During ICE Raids on California Cannabis Farms 74

About NewsBudz

NewsBudz is your go-to app for daily cannabis news, covering everything from medical marijuana breakthroughs to recreational cannabis trends and legalization updates.

Our platform aggregates content from over 30 top-tier cannabis news outlets to deliver a curated stream of the latest headlines, insights, and developments across the marijuana and hemp industries.

Whether you're interested in policy reform, health research, cannabis business, CBD, delta 9 products or lifestyle stories, NewsBudz keeps you informed and connected. Accessible on the web and mobile, NewsBudz makes it easy to explore, read, and share cannabis news anytime, anywhere.