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Think the IRS Can’t Enforce Section 280E? Think Again.

*Originally Posted May 12, 2017* By: Nick Richards and Keith Buckley Are you currently under an IRS Audit and want to prevent the IRS from applying Section 280E? Well think again. Courts have recently reinforced the IRS’s ability to conduct audits and enforce Section...

Help! The IRS is Threatening to Revoke my Passport!

*Originally Posted May 19, 2017* By: Nick Richards & Keith Buckley Have you been saving up for that dream vacation but putting off paying your tax bill? World travelers your procrastination may now result in your travel plans being grounded. On December 4, 2015,...

Cannabis Certification Council – Press Release

Partner, Nick Richards, helps present the merger of Organic and Ethical Cannabis Organizations under the newly adopted name The Cannabis Certification Council (CCC). Nick is a founding board member of this unique group which will work with cannabis producers to create...

Cash In the Cannabis Industry

By: Nick Richards and Keith Buckley The current state of the cannabis industry has required many cannabis business and ancillary business to deal directly with cash. But are you aware of the reporting requirements when handling cash? A business that receives cash is...

Who Claims Who After a Divorce?

By Nick Richards and Keith Buckley When parents are going through a lengthy divorce proceeding, who claims the child for that year? In a recent tax court case, ­Jason M. Roach v. Commissioner, the court sought to clarify this issue. The issue was who could claim the...

Hospitality Lodging Taxes – Who Pays?

By: Nick Richards and Keith Buckley The hospitality industry and Online Travel Companies (OTCs) are currently under fire from taxing authorities in regards to uncollected lodging/occupancy taxes. The Supreme Court of Colorado recently ruled in City & County of...

Partner Featured in Published Article – 04.12.2017

Nick Richards, partner at Dill and Dill, is featured in an article by Ranica Arrowsmith at Accounting Today discussing the difficulties of processing cash from unbanked companies, particularly for the cannabis industry. Read more at: IRS Goes Green: Hashing Out...

Understanding 280E Tax Code

Dill and Dill Partner Nick Richards, and two other National cannabis experts, will be teaching a class on IRS Section 280E and its impact within the cannabis industry. The class will include a panel conversation of the current issues in cannabis tax and efforts at the...