The IRS is NOT Going to Play Ball with Cannabis Companies on 280E Tax Refund Checks – Get Ready for Penalties and Interest!

The Internal Revenue Service (IRS) will persist in pursuing tax payments from marijuana businesses that have taken deductions in anticipation of a potential federal rescheduling, according to a federal agency attorney. If such a reform is implemented, the attorney notes that the IRS could potentially be authorized to seize assets from cannabis companies that fail to meet their tax obligations.