Tax Court Again Denies Deductions Of State-Legal Marijuana Facility - My Home Biz

Tax Court Again Denies Deductions Of State-Legal Marijuana Facility

Sales of medicinal and recreational marijuana may be legal in many states, but it remains illegal at the federal level. This gives rise to bizarre tax treatment, because the tax law permits the IRS to deny all deductions attributable to trafficking in a controlled substance.

No comments yet.

Leave a Reply

%d bloggers like this: