The accountants that usually work in the cannabis
industry are always faced with changing laws from the IRS. This means that
financial professionals that cannabis clients consult must always check on what
the Internal Revenue Service needs. If the laws and regulations are complied
with, the clients that accountants are serving will be kept out of legal
trouble and also get the best out of the tax returns. However, the IRS Code280E was instigated to help in keeping illegal cannabis sellers from removing
the flight expenses when filing for tax returns. In the first place, these drug
lords usually transport cannabis from Colombia by air and anytime a tax return
is filed, it is possible to deduct the cost of the planes used for the transportation
of the drugs. 
Furthermore, the IRSCode 280E has some set of laws, rules, and regulations which relates to the
kinds of expenses a business owner can remove and the ones that cannot be
removed. In general, normal deductions cannot be made by cannabis business
owners when a tax return is filed for the normal business. So also, there is a
list written in relation to acceptable and not acceptable expenses. Finally,
the expenses that relate to the direct costs of goods can only be filed in the
cannabis business.
If you are wondering how to open a medical cannabis business, then take our cannabis business workshop at California college for cannabis, in San Diego, Pasadena and Sacramento;
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