{"id":44112,"date":"2015-10-02t12:41:21","date_gmt":"2015-10-02t16:41:21","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=44112"},"modified":"2017-11-20t09:20:57","modified_gmt":"2017-11-20t14:20:57","slug":"irs-section-280e-marijuana-tax-limbo-or-hell","status":"publish","type":"post","link":"\/\/www.g005e.com\/2015\/10\/02\/irs-section-280e-marijuana-tax-limbo-or-hell\/","title":{"rendered":"irs section 280e & marijuana: tax limbo or hell?"},"content":{"rendered":"
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colorado tax forms<\/figcaption><\/figure>\n

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cannabis complications for cpas, clients and consumers.<\/strong><\/p>\n

by justin p. breidenbach
\n<\/em>cannabizcpa.pro<\/a><\/em><\/p>\n

providing a client with tax services can be hard work.\u00a0 things get especially difficult when an accountant becomes the bearer of bad news. it\u2019s never easy informing a client that they owe unexpected or, what the client believes to be, unreasonable taxes.\u00a0 imagine a situation where you had to tell a client that their effective tax rate is 70%, 90%, or even exceeds 100%.<\/p>\n

i expect some may be reading this and asking themselves, \u201cwhat tax hell would require a taxpayer to pay an effective rate exceeding 100%?\u201d\u00a0 i am here to inform you that this does exist, and in the marijuana industry it is known as section 280e.<\/p>\n

read more →<\/a><\/p>\n