IRS May Allow Cannabis Businesses to Take Tax Deductions

IRS May Allow Cannabis Businesses to Take Tax Deductions

A new IRS guidance says state-legal cannabis firms should be able to take business tax deductions under Section 471, a tax code approved in 2018 … Read More… The post IRS May Allow Cannabis Businesses to Take Tax Deductions first appeared on Cannabis Law Report.

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Source : CANNANNEW REPORT
Link to original : IRS May Allow Cannabis Businesses to Take Tax Deductions
reposted by Cannabis News World

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