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Carlos Samaniego, Enrolled Agent
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Carlos Samaniego, Enrolled Agent
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  • Tax Resolution
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    • Ask Carlos
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    • Raves
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Tag Archives: cannabis

Thinking about getting into the cannabis business?

199A, Cannabis, MarijuanaBy Carlos Samaniego, EANovember 12, 2018Leave a comment

You won’t get a Section 199A tax deduction for your cannabis business. But some of the other tax reform changes may make the C corporation a more attractive choice of entity than before (yes, really!). Let’s look at an example. Say the cannabis business has the following financials:   Cash Tax Gross Receipts $500,000 $500,000…

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