Sign up to save your podcasts
Or
Share Ep. 161: Understanding the IRS' Latest Warning to Cannabis Companies
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Ep. 161: Understanding the IRS' Latest Warning to Cannabis Companies
The IRS has just issued a critical warning about Cannabis companies attempting to circumvent 280E through Form 8275 disclosures using a variety of rationales that do not constitute a reasonable basis. This development might require immediate attention from Cannabis operators and their accountants.
Join DOPE CFO Founder & CEO Andrew Hunzicker, CPA for this podcast to understand:
Why Form 8275 is not a "free pass" to avoid 280E limitations
What constitutes a "reasonable basis" for disclosure
The risks of using Form 8275 incorrectly
Recent IRS enforcement priorities for Cannabis businesses
Other guidance that goes against IRS guidance that could cause penalties
As the IRS ramps up enforcement, it's crucial to understand the proper application of tax regulations. Learn how to protect your Cannabis clients while maintaining strict compliance with 280E requirements.
Whether you're currently serving Cannabis clients or planning to enter the industry, this episode will provide critical insights on navigating the latest IRS guidance.
View all episodes
By DOPE CFO
4.7
1313 ratings
The IRS has just issued a critical warning about Cannabis companies attempting to circumvent 280E through Form 8275 disclosures using a variety of rationales that do not constitute a reasonable basis. This development might require immediate attention from Cannabis operators and their accountants.
Join DOPE CFO Founder & CEO Andrew Hunzicker, CPA for this podcast to understand:
Why Form 8275 is not a "free pass" to avoid 280E limitations
What constitutes a "reasonable basis" for disclosure
The risks of using Form 8275 incorrectly
Recent IRS enforcement priorities for Cannabis businesses
Other guidance that goes against IRS guidance that could cause penalties
As the IRS ramps up enforcement, it's crucial to understand the proper application of tax regulations. Learn how to protect your Cannabis clients while maintaining strict compliance with 280E requirements.
Whether you're currently serving Cannabis clients or planning to enter the industry, this episode will provide critical insights on navigating the latest IRS guidance.