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How Cannabis Businesses can MINIMIZE TAXES with Section 471

by Brian S. Whalen, CPA September 13, 2018 Accounting, Cannabis, CBD, Tax

What the Hell is §471? Internal Revenue Code §471 is the section of tax law that deals with rules for

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Why §280E Punishes Your Cannabis Business & What You Can Do About It

by Brian S. Whalen, CPA September 13, 2018 Accounting, Tax

Q: Who the hell is Jeffrey Edmondson? A: The guy we can blame for the punitive tax law, §280E. In

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Is Your Cannabis Accounting a Ticking Time Bomb?

by Brian S. Whalen, CPA August 15, 2018 Accounting, Cannabis, CBD, Tax

Not only did her Colorado Medical Marijuana business fail, but Mrs. Alterman and her husband owed the IRS over $469,000

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Can Cannabis Businesses Reduce Taxes?

by Brian S. Whalen, CPA July 19, 2018 Accounting, Tax

YES!  A Brief Explanation[1] Brian S. Whalen, CPA, MST/MSF Internal Revenue Code Section §280E disallows deductions related to trafficking in

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