Because of 26 U.S.C. 280E and the federal government’s special attention to cannabis businesses, there is an increased likelihood of facing an audit. And, in the most serious cases, criminal prosecutions can result including tax fraud, money laundering and structuring. If you are being audited or have been contacted by federal agents, it is crucial that you work with an experienced cannabis tax attorney who understands the audit process and how to work with the IRS.
Our tax team are some of the most experienced attorneys in the country when it comes to 280E audits and investigations. Our lawyers can help you work with the IRS, understand potential liabilities and negotiate potential settlements.
If you are contacted by the IRS, you should reach out to one of our attorneys to help navigate the audit and investigation process.