Dear Guest, if you want to operate a legitimate marijuana dispensary, but are unsure of IRS tax guidelines, we can help!
In this field, you will need an expert CPA to help you stay out of IRS trouble. Most dispensaries don't have the proper tax and accounting guidance and end up operating like an illegal enterprise. They don't keep necessary records, don't file proper tax forms, and don't properly pay taxes.
Don't get into trouble with the IRS. It is our expert opinion that many of the dispensaries will likely get audited
by the IRS. Why do we think this? Simply stated, medical marijuana dispensaries are cash- based business with
little tax and accounting guidance. Knowing this, the IRS prays on dispensaries to find understated income,
money laundering, unfiled taxes, improperly filed taxes, and more. Additionally, all the other governmental
agencies are also jumping on board to claim their share of the tax wealth such as unpaid payroll taxes,
sales taxes, property taxes, and more. Being charged with these offenses can put you behind bars!