Colorado Springs Independent, 26 Jun 2013 – Messages have been floating around social media regarding an influx of audits the Internal Revenue Service is apparently aiming at Colorado medical-marijuana centers, which are unable to deduct business expenses from their federal taxes. One posted by Denver advocate Michelle LaMay reads, "One of my MMC customers yesterday said they are being audited by the IRS. She thinks the IRS waited until now so they can go back 3 years. She was one of the first to be licensed so has that much history for them to peruse." And while it’s unclear how widespread it is, or if they’re part of the federal government’s push-back against cannabis, an audit notice is a hell of a thing, says Bill Fodge, owner of WTJ MMJ Supply.
posted on June 27, 2013 by
