IRS Deduction Denial Beyond Jurisdiction, Pot Dispensary Says

Law360, New York (February 4, 2016, 3:54 PM EST) -- A Colorado-based marijuana dispensary and two of its owners on Wednesday accused the U.S. Internal Revenue Service of exceeding its authority by denying deductions after determining they had trafficked a controlled substance, according to a complaint filed in Colorado federal court.

Alpenglow Botanicals LLC, Charles Williams and Justin Williams claimed a decision by the IRS to deny certain deductions and increase Alpenglow's income — based on an audit of the company's returns for the tax years 2010 through 2012 that found they had trafficked a controlled...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Alpenglow Botanicals, LLC et al v. USA


Case Number

1:16-cv-00258

Court

Colorado

Nature of Suit

Taxes

Judge

Raymond P. Moore

Date Filed

February 3, 2016

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.