irs

  1. Ron Strider

    DOJ Is Using IRS To Investigate Colorado Pot Shops In Guise Of Audits, Lawsuit Says

    The U.S. Department of Justice is secretly using the Internal Revenue Service to conduct criminal investigations into otherwise legitimate marijuana businesses in Colorado under the guise of tax audits, lawyers for the companies say in an ongoing federal lawsuit. The IRS called the...
  2. Ron Strider

    IRS Trawling State-Run Pot Database To Block Colorado Companies Claiming Deductions

    Federal tax agents are trawling a Colorado database designed to track pot from seed to sale as a way of proving licensed marijuana businesses are illegally trafficking in the drug. The tactic is the latest in the Internal Revenue Service's efforts at ensuring the otherwise-legitimate...
  3. K

    Legal Weed Businesses Are Worried The IRS Could Tax Them Out Of Existence

    When California voted to legalize recreational marijuana use in November, few people were as thrilled as Steve DeAngelo. Sporting his signature porkpie hat and braided hair while seated in the massive grow operation he's building south of San Francisco, the longtime activist and weed industry...
  4. K

    CO: Pot Entrepreneurs Catch Heat From IRS Over $10,000 Cash Deposits

    The IRS appears to be harshing the mellow of some 30 cannabis companies in Colorado. That's according to tax lawyers, accountants and business owners in the state, who say the federal agency is auditing the cannabis entrepreneurs for tax years 2014 and 2015, possibly because they failed to...
  5. K

    IRS Targeting Colorado Marijuana-Related Businesses

    Colorado pot businesses are increasingly coming under scrutiny from the Internal Revenue Service due to the industry's focus on cash, according to a report Tuesday from Marijuana Business Daily. Marijuana businesses such as dispensaries are known to deal predominantly in cash due to continued...