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Cannabis CEOs: Be Aware of this IRS Audit Guide

by Brian S. Whalen, CPA September 28, 2018 Accounting, Cannabis, Tax

The IRS’s Cash Intensive Business Audit Techniques Guide (ATG) Many cannabis touching businesses operating or having operated in the past

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Prison Time for Dispensary Owner Infiltrated by Undercover IRS Agents

by Brian S. Whalen, CPA September 28, 2018 Accounting, Tax

On September 17, 2018, a federal judge sentenced Matthew Price to seven months in federal prison for willfully failing to

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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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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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