The IRS Targets Drug Policy Reformers March 5, 2019 AggregatedNews Policy & Legal 0 Comments A recently adopted IRS rule for tax-exempt organizations seems to violate the First Amendment by taking aim at groups that support drug policy reform. The rule, described in an Internal Revenue Bulletin dated January 2, 2018, says the IRS will… Read More→
IRS Will Refund Fines to Denver Pot Shop That Pays Taxes With Cash March 20, 2015 John Hollon Banking, Finance & Real Estate, News & Insights 0 Comments The Internal Revenue Service has backed away from a policy that penalized an unbanked marijuana business in Denver for paying taxes in cash, but the federal agency will not say if the approach applies industry-wide. In a settlement with Denver-based… Read More→
U.S. Senate Bill Could Solve Medical Marijuana’s Tax Problems March 20, 2015 John Hollon Banking, Finance & Real Estate, News & Insights, Policy & Legal 0 Comments When Bryan and Lanette Davies got an $875,000 bill from the Internal Revenue Service, they didn’t pay it. Instead, they took the IRS to court, arguing that a 1982 law meant to prevent drug traffickers from deducting business expenses should… Read More→