Section 280E Archives - CannaBizCentral

he tax rules governing when expenses are paid or incurred and the filing of past or prospective claims can be complex. Following rescheduling, or possibly before, the IRS may issue guidance on how rescheduling impacts Section 280E and the deduction of marijuana-related expenses. Meanwhile, cannabis businesses should consult with tax professionals to strategically time expenses and submit necessary documentation to secure potential refunds for taxes paid under Section 280E.

Accounting and Taxes Section 280E

IRS Publishes Marijuana Industry Webpage With Respect to 280(E)

September 25, 2020 Editorial Staff 280E, IRS guidance

The IRS confirms with the publication of a cannabis industry specific webpage that marijuana businesses are subject to the limitations of Section 280E of the Internal Revenue Code.

280E 401(k) Plan Availability 401k Options Section 280E

Once and For All: IRC and ERISA Say Cannabis 401k Plans Can Exist

June 8, 2020 Legal Editor 280E, Cannabis 401(k)

The cannabis industry is in dire need of proper guidance as to how to appropriately provide 401k and other employee benefits to its employees.

Section 280E

NCIA Steps into the Ring with 280E Brief

June 4, 2020 Editorial Staff 280E Brief

NCIA brief sides with Harborside Health Centers in challenging the applicability of Internal Revenue Code 280E to state-legal regulated cannabis businesses.