California and Cannabis Tax – What you Need to Know
Many of us know how the IRS functions and how tough they can be with businesses, specially the Cannabis industry. But how much do you
February 20, 2022
Many of us know how the IRS functions and how tough they can be with businesses, specially the Cannabis industry. But how much do you
280E is such a punishing tax burden for cannabis businesses. Corporations are paying the IRS 25% or more in income taxes than a regular business.
This blog lists the major cannabis taxes and other information with links to the government website. (Look back often as this calendar is updated periodically
All businesses are required to pay estimated taxes quarterly. Due dates for estimated tax payments Payment When Income Earned Due Date 1st Payment January 1
Retailers pay the excise tax to distributors who remit it to the state. The tax collected by distributors is 15% of the wholesale price plus
A 1031 exchange is an allowed method to avoid paying capital gains tax on investment property. If you own property, either personal rental or for
On April 12, 2021, the Marijuana Business Journal published an article providing additional detail on the extent the IRS will push through to collect extra
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 requires you to report when you get paid cash in excess of $10k in a single transaction or multiple transactions over a 12