Archive For December 4, 2017

What Expenses Can Be Considered as COGS?

What Expenses Can Be Considered as COGS?

The IRS has made specific provisions for marijuana resellers versus producers. For ResellersĀ  CCA 201504011 clarified that, for resellers, the costs that they incur that are otherwise nondeductible under Ā§ 280E may not be deducted as COGS. These costs that are non-deductible are those that are directly related to the trafficking of marijuana. For resellers,…

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