The owner of a California medical marijuana dispensary was found to have underreported income. Moreover, he was precluded from deducting most of the expenses he claimed because the business consisted of trafficking in controlled substances.
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Kopsa Otte CPAs & Advisors have been involved in Income Tax Planning, Estate Planning & Succession Planning for over 30 years. For more information about Kopsa Otte services, please contact us via e-mail at lkopsa@kopsaotte.com or call 800-975-4829.
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Blog Archive
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2012
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September
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- 5 TIPS ON GAMBLING INCOME AND LOSSES
- THIS TYPE OF CHARITABLE CONTRIBUTION DOES NOT WORK
- IS FISCAL CLIFF ALREADY WREAKING HAVOC?
- EMAIL SCAM NOT FROM IRS
- TAX COURT HOLDS MEDICAL MARIJUANA RETAILER UNDERRE...
- TIMOTHY GEITHNER, DAVE CAMP HUDDLE ON 'FISCAL CLIFF'
- JOB SEARCHING AND INTERVIEWING
- SECTION 179 FOR 2013
- DID YOU GET A CHECK BACK FROM YOUR INSURANCE COMPANY
- YOU CAN'T ROUND ON YOUR PAYROLL REPORTS
- IRS ANNOUNCES 2013 IRA AND GIFT TAX NUMBERS
- ACCOUNTANTS NOT OPTIMISTIC ABOUT THE ECONOMIC FUTURE
- BACK-TO-SCHOOL TIPS FOR STUDENTS AND PARENTS PAYIN...
- COPY OF OLD TAX RETURN
- ON A PERSONAL NOTE
- FOOD STAMP USE HITS RECORD HIGH
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September
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