Quote:
Originally Posted by dyna mo
hmm, i had read those sorts of things were worked out years ago.
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http://coloradoindependent.com/79820...source=twitter
Posted Mar 18 this year...
"The IRS is thought to have begun audits on at least 12 medical marijuana dispensaries in California under the determination that past business deductions are invalid because of a clause in the federal tax code prohibiting any business that traffics in Schedule I or II drugs from making business deductions on their tax returns. The move could bankrupt every dispensary that it targets. The first dispensary to receive a final audit decision from the IRS is the Marin Alliance for Medical Marijuana (MAMM) in Fairfax, Calif."