by Advisor Team | Mar 24, 2025 | Cannabis Tax, COGS, Corporate Tax Services
Navigating tax compliance as a cannabis business owner can feel like walking a financial tightrope. One misstep—especially when it comes to Internal Revenue Code (IRC) 280E—can result in significant tax liabilities and heightened IRS scrutiny. As year-end approaches,... 
by Dana Borys | Jun 23, 2020 | ASC 740 & ASC 740-10, Cannabis Tax
OVERVIEW OF TIGTA REPORT DATED MARCH 30, 2020 The Treasury Inspector General for Tax Administration (“TIGTA”) was established in the 1980’s to provide independent oversight of the Internal Revenue Service’s (“IRS”) activities. On March 30, 2020, TIGTA released a...