IRS debuts initiative to help cannabis companies pay taxes properly

MJBizDaily
By John SchroyerSep 28, 2021, 3:30 pm249 pts
The IRS launched a program aimed at helping businesses in state-legal cannabis markets pay their federal taxes properly under 280E, the onerous section of the U.S. tax code that disallows standard deductions for such businesses. The program, titled the “Cannabis/Marijuana Initiative,” was announced on the…

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