Menu

Licensed Marijuana Business Sues IRS Over Penalties


Posted on August 19, 2014

A licensed marijuana business in Colorado filed a Petition in the United States Tax Court asking it to review the IRS’ determination to not abate failure to deposit tax penalties assessed against that business.

The marijuana business had employees and, as such, was required to electronically make its federal tax deposits. Because of the nature of its business, it was unable to secure a bank account which made it impossible to make its federal tax deposit payments electronically as required.

The United States Tax Court is currently considering the licensed marijuana business’ request for relief.

Setting aside the type of business in which the taxpayer is engaged, what do you think?


« Return To Blog
Chicago Area Tax Attorneys

Speak With A Tax Attorney

1-877-447-7529


Chicago Tax Attorneys

314 North York Road
Elmhurst, IL 60126
Proud Member of the
American Society of Tax Problem Solvers

© 2022 Patrick T. Sheehan & Associates, Attorneys at Law, P.C. - Privacy Policy - Terms and Conditions
Serving the Chicago Area - Disclaimer