How Cannabis Businesses Can Use IRC 471(c) to Navigate Around IRC 280E
The Challenge of IRC 280E for Cannabis Businesses For cannabis business operators, IRC 280E is a tax code that can feel like an insurmountable barrier. Introduced during the War on Drugs, IRC 280E disallows standard business deductions for companies trafficking in controlled substances, including cannabis. This restriction can result in effective tax rates as high […]
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