Pot Co. Faces $4.2M Tax Bill After Breaks Barred By Tax Court
By Dylan Moroses ( February 17, 2021, 6:38 PM EST) -- A California medical marijuana business is liable for nearly $4.2 million in taxes after the U.S. Tax Court determined Wednesday it cannot claim depreciation and charitable contribution deductions because they are barred by a federal tax provision....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.