Under federal tax code USC 280E, those who the federal government deem to be "illegal drug traffickers and international criminal cartels" must also pay their taxes to the IRS in a timely manner. And, many of those who operate legal cannabis operations in California are doing their best to comply with federal tax law by "toting huge amounts of cash to the California Franchise Tax Board and the IRS, as pot is still too illegal for banks to inhale." Unfortunately, these cash businesses are also attracting robbers. TheTaxCounsel.com, #TheTaxCounsel, #cannibus
The Tax Counsel is a law firm located in Newport Beach, California, specializing in tax controversy, business law, and wealth preservation. We defend clients against the IRS and California Franchise Tax Board. Contact us at (949) 260-2078 for a initial free 15 minute telephone consultation. TheTaxCounsel.com.
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