Manage and Mitigate Cannabis Tax Risks
In today’s complex cannabis tax environment, businesses and individuals must take every precaution to avoid tax disputes. The unfortunate fact is that the Internal Revenue Service (IRS) has made sport of auditing and assessing penalties on cannabis companies.
Minimize the Risk of IRS Audits
Everyone from local mom-and-pop cultivators to public multi-state operators have faced serious inquiries from the IRS. Our team of experienced tax professionals has deep experience mitigating future risk and resolving known controversies.
Help for Managing an Audit
No matter what stage of an IRS inquiry you’re in, our diligent approach will identify and evaluate current issues, analyze and support documentation for IRC 280E and other tax positions, and manage the process efficiently and effectively.
An ounce of prevention is worth a pound of cure. Before problems arise, let us review and optimize your tax position and documentation to avoid future troubles.
In the event of an audit, we serve as an experienced third-party to communicate with the auditors, identifying what they need, and working through a fair resolution.