The continued progress of electronic items and company offerings has proven to be far extra than a short-term pandemic lodging. Now, providers and states are struggling to determine which merchandise and services are matter to tax and how to resource these product sales for both of those sales and use […]
Taxes
Does a Tax Cut Jobs Act Provision Decrease Income Taxes on Marijuana Businesses? | Miller Canfield
KEY TAKEAWAYS: A pending U.S. Tax Court case presents an interesting theory to preclude the federal income tax disallowance of all deductions of a marijuana business. The theory rests on a provision in the 2017 Tax Cuts and Jobs Act that permits small taxpayers to use a simplified inventory accounting […]