Don't Fight The IRS Alone.
If you are in the cannabis industry, chances are you’ve been audited, know someone who has been audited, or know someone who is currently being audited by the IRS. Unfortunately, you file your return every year and hold your breath. While the general population of the United States shares roughly a 2% chance of review by the IRS, members of the Cannabis industry face upwards of almost a 14% chance of being audited. Perhaps you’ve already received an IRS notice – a CP letter, or a Notice of Deficiency on a filed return. What does it all mean? What can be done? Is there help?
It’s true, bad things happen to good people.
Our team at Tax Defense Partners (TDP) have been in the industry for almost 20 years – we specialize in tax defense and tax controversy. We help people with all types of tax problems, including personal and business. We also specialize in the Cannabis industry.
Our approach to the IRS starts with the correct tax filings. However, if you do get audited by the IRS, our team of Attorneys, CPA's, and Tax Relief Professionals can help you reduce back taxes penalties and interest.
Already facing a tax problem? You don't want to fight the IRS alone. Our licensed professionals, CPA's, attorneys and IRS Enrolled Agents settle more cases in a month than most other CPA's and tax attorneys do in their entire working career.
The cannabis industry is the most highly audited industry in the world.
- Can’t Pay Your Back Taxes?
- Behind In Your Tax Filings?
- Interest And Penalties Piling Up?
- IRS Freeze Or Take Your Bank Account?
- Currently Under Audit?
- Payroll Tax Problems?
- Wages Being Garnished?
Questions? Schedule an appointment with Patrick Cox.
High Risk Audit Experts
Our professional staff excels in high risk audit representation and Section 280E of the Federal Income Tax Code.
Team of Certified Pros
Our licensed professionals, CPA's, attorneys and IRS Enrolled Agents settle more cases in a month than most other CPA's and tax attorneys do in their entire working career.
No Hidden Fees
At Tax Defense Partners, you will know exactly what we’re going to do and what it’s going to cost you before we start.
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Cannabis Tax News
Discover cannabis-related tax audit news and tips from industry experts.
The state of California will vote on the Adult use of Marijuana Act (AUMA) in November 2016. This may have a significant impact on cannabis business, licensing, and operating under different regulators.
Secretary of State Alex Padilla announced that initiative proponents submitted “more than enough” signatures to include the proposition on the November ballot.
Because marijuana is still considered to be an illegal drug on a federal level, legal cannabis businesses must pay taxes under the same category of illegal drug traffickers.
If the voters approve the proposal, the excise taxes can raise between $78 to $130 million in tax revenue.
Parham Khorsandi, our VP of client services, talks about the concerns many people have about the IRS and their involvement with taxes on the cannabis industry.
New audits by the Internal Revenue Service have left cannabis companies in Colorado worried and frightened.
Although most legal businesses in the cannabis industry are showing a great amount of gross revenue, the federal tax code retains most of its profit.
This blog is intended to help navigate the dangers and challenges faced by canna-professionals. From laying a strong foundation (bookkeeping), to filing “bullet-proof” returns, to dealing with audits and tax debt.
Tax Defense Partners is a tax debt negotiation and resolution company serving individual taxpayers, corporations, associations, and small businesses before the Collections Division of the IRS and state tax authorities. Don’t fight the IRS alone.