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Why the IRS is Targeting the Cannabis Industry
Ricardo Baca interviewed Jim Thorburn on The Cannabist Show recently. Jim explained a recent jump in the number of IRS audits of cannabis business operators as related to how companies, typically cultivators or processors, are handling the reporting of cash, though he suggests anecdotally that even ancillary companies are facing issues.
Fish or Cut Bait
Cheryl Miller posts on Yahooo Finance and reviews the Feinberg case in the U.S. Court of Appeals for the Tenth Circuit, in which a federal judge challenges the IRS' denial of tax deductions initially taken by a Colorado-licensed marijuana dispensary.
Who's Who in Cannabis
Jim gets featured in Who's Who
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Pot Entrepreneurs Catch Heat From IRS Over $10,000 Cash Deposits
In Colorado, the IRS is auditing about 30 cannabis companies, mostly over form 8300 related to large deposits. Jim weighs in.
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