IRC §280E Archives - FREE Yourself from IRS Problems

Shamsey Oloko February 22, 2016 Business Expense, Deductions, IRC Section 61, News, Ordinary and Necessary Expenses, Qualified Expenses

Is there a business deduction for expenses incurred in marijuana related enterprises?

Issue Is there a business deduction for expenses incurred in marijuana related enterprises? Related Tax Rules or Regulations Internal Revenue Code Section 61 Internal Revenue Code Section 280E Prior to 1982, an illegal business was able to reduce its revenue…