Kopsa Otte CPAs & Advisors have been involved in Income Tax Planning, Estate Planning & Succession Planning for over 30 years.
For more information about Kopsa Otte services, please contact us via e-mail at lkopsa@kopsaotte.com or call 800-975-4829.
Thursday, August 30, 2012
TAX COURT HOLDS MEDICAL MARIJUANA RETAILER UNDERREPORTED INCOME
The owner of a California medical marijuana dispensary was found to have underreported income. Moreover, he was precluded from deducting most of the expenses he claimed because the business consisted of trafficking in controlled substances.
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