On September, 2020, the IRS published an frequently asked questions (FAQs) to assist cannabis license holders with various aspects of tax compliance. From this FAQ the IRS provides guidance on the application of I.R.C. § 471 in conjunction with I.R.C. § 280E, as well the form 8300 and tax return filing requirements.
Marijuana Industry Frequently Asked Questions | Internal Revenue Service (irs.gov)
To navigate the complexities of tax compliance and Code Section 280E and IRS rules schedule a complimentary and confidential consultation.