Marijuana taxation (if your business is going to pot)

The legal marijuana industry is booming and there’s lots of money to be made.

But if you are thinking about selling marijuana, you need to be aware of the complex federal income-tax issues you’ll face.

That’s where the Tax Reduction Letter comes in.

We’ll explain proven strategies that can reduce your tax bill and keep your profits from going up in smoke.

Practical, money-saving information is waiting for you when you read my new article titled Tax Tips: Marijuana Taxation: Don’t Let Your Cash Go Up in Smoke!

Three ways our fact-filled article can help you:

1. You’ll learn what Uncle Sam expects you to pay. Sorry, but you’ll have to cough up money to pay tax on all your income regardless of the source. All income from selling marijuana is taxable even though its sale is illegal under federal law. You’ll get all the details when you read the full article.
2. We’ll warn you about Section 280E. It’s a little-known section of the tax code that denies you all ordinary and necessary deductions against your marijuana sales income. And note: you have to pay federal income tax on all your gross income. All will be explained when you read the full article.
3. We’ll provide you with proven strategies you can use to cut your tax bill. Although the lack of IRS and court guidance makes navigating marijuana tax law tricky, there are ways to minimize the tax hit. We’ll tell you what they are and how they work when you read the full article.