Newsbrief: A novel ‘lawyerly’ challenge to 280E
While a new court filing suggests the IRS isn't willing to give up on taxes from industry-hated tax rule 280E, and the cannabis world awaits federal guidance, a New Mexico's largest operator is attacking the rule from a new angle.
President Trump rescheduled MED, but not REC, to schedule III. Now Ultra Health has filed a brief in an ongoing federal tax case arguing that REC, even though it is still listed . . .
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