Cannabis Tax

Marijuana Tax Lawyer Jin Kim

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How Much Does A Cannabis Tax Lawyer Cost?

September 8, 2021 Jin Kim Leave a Comment

In brief, "it depends." However, tax attorneys generally charge flat fees for specific tax resolution services. Nearly every prospective client seeking a tax resolution attorney wants to know how much a cannabis tax lawyer will cost. Of course, the cost will depend upon the … [Read more...]

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The Difference Between CHAMP Members and Marijuana Dispensary Clients

May 17, 2021 Jin Kim Leave a Comment

Marijuana dispensaries face an unfortunate tax hurdle stemming from IRC 280E.  Essentially, that section denies marijuana dispensaries and any cannabis business that buys and sells marijuana the ability to deduct ordinary and necessary business expenses.  However, the court in … [Read more...]

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Why Was The Taxpayer in CHAMP Succesful?

April 6, 2021 Jin Kim Leave a Comment

Cannabis businesses that buy and sell marijuana are all too familiar with the tax consequences of IRC 280E.  In brief, the section prohibits deductions incurred in a tax year in carrying on a trade or business if such trade or business consists of trafficking in controlled … [Read more...]

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The Elements of IRC 280E

February 16, 2021 Jin Kim

As the cannabis industry has grown more sophisticated with increased state legalization, many marijuana dispensaries are aware of IRC 280E and the significant challenges posed by that brief section of the Internal Revenue Code. In effect, 280E denies the typical marijuana … [Read more...]

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The information contained in this website is for informational purposes only. The information is not legal advice and is not guaranteed to be up to date, accurate, or complete. An attorney-client relationship can only be established by signing a representation agreement. This testimonial or endorsement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. The attorney is licensed to practice only in California.

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Law Office of Jin Kim

3800 Watt Ave #255

Sacramento, CA 95821