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Kelly Bullis: IRS says it’s increasing audit rates
Nevada Appeal· 1 day agoYou know one of the most wonderful feelings in life is knowing the IRS may be considering an audit of your business and or personal tax returns. Now that...
JD Supra: Preparing for IRS Cash Transaction Reporting in the Cannabis Industry
JD Supra· 5 days agoA chief counsel attorney in the Small Business/Self-Employment Division of the IRS has written a memo (ILM 202409016) to a compliance group manager that responds to a series ...
IRC Section 280E Will No Longer Apply if Marijuana Is Rescheduled
The National Law Review· 19 hours agoOn May 16, 2024, the US Department of Justice submitted a Notice of Proposed Rulemaking (NPRM) to reschedule marijuana from Schedule I to Schedule III within the Controlled Substances Act.
Justice Department takes 'major step' toward rescheduling marijuana
NBC News via Yahoo News· 6 days agoIt could also open the door for pharmaceutical companies to get involved with the sale and...
Week in Insights: Marijuana Taxation Needs Policies That Add Up
Bloomberg Law· 3 days agoMarijuana businesses face a unique challenge due to the interplay between state legalization and federal tax law. Under Section 280E, businesses that traffic in controlled ...
EXCLUSIVE: DOJ's Marijuana Rescheduling 'A Game-Changer For Profit Margins And Cash Flow'
Benzinga· 2 days agoThe Justice Department’s recent move to reclassify marijuana has sent ripples through the cannabis industry, with significant implications for many states, including New Jersey ...
Potential relief for local businesses as Florida nears marijuana legalization vote
NBC 2 Fort Myers· 5 days agoThe federal government is one step closer to acknowledging that marijuana should not be treated as...
EXCLUSIVE: 'Investment By Multinational Industries Will Forever Change Cannabis,' Warns Expert
Benzinga· 1 day agoThis week, President Joe Biden announced a landmark decision to reschedule marijuana, signaling a...
Former DEA task force officer, Nassau deputy pleads guilty to drug trafficking, fraud, tax evasion
WJAX via Yahoo News· 4 days agoAlong with a co-conspirator, Hickox stole money and illegal drugs seized during investigations,...
DEA agent stole 1,000 pounds of marijuana from evidence, pocketing $420k from theft and drug sales
First Coast News· 7 days agoJames Hickox, from Jacksonville, pleaded guilty to conspiring to distribute narcotics, conspiring to...