Marijuana Dispensary Income Tax Guidance Update: IRS Memo 201504011

Posted on January 26, 2015 by John R. Dundon II, EA — No Comments ↓

Business Entity Selection and the Tax Consequences of Converting

As many of you know who follow my tax musings via this blog, I recently led a team of people that shepherded a Marijuana Dispensary through the IRS Examination and Appeals functions. The dispensary in question was owned and operated…

Tagged with: §1.471-11(c)(2)(iii), §263A, §471, 1.471-11(c)(2)(i), 201504011, 263a, 280e, 471, Capitalization & Inclusion of Inventory Costs of Certain Expenses, Expenditures in Connection with the Illegal Sale of Drugs, General Rules for Inventories, IRC §280E, IRS CCA 201504011
Posted in Amortization, Business Expense, Cash Transaction, Disallowed Expenses, IRS Appeal, IRS Audit, IRS Enforcement, IRS Examination, Marijuana

The Intersection of ‘Trafficking under IRC 280(E)’ & Cost of Goods Sold (COGS) Relevant to Taxable Income for Marijuana Distributors in Colorado

As many of you who follow me and/or this tax blog know I have been actively tracking a handful of select medical marijuana dispensaries in Colorado who have been denied the opportunity to deduct ordinary and necessary business expenses by…

Blog Archives

Marijuana Dispensary Income Tax Guidance Update: IRS Memo 201504011

The Intersection of ‘Trafficking under IRC 280(E)’ & Cost of Goods Sold (COGS) Relevant to Taxable Income for Marijuana Distributors in Colorado

Phone: 720.234.1177