WEATHER
Navigating the IRC 280E limitations can be a daunting task; if not properly understood the risk of paying too much tax, or being audited, is high.
Operating a parallel business to reclaim otherwise disallowed deductions is a tried and true way to handle the 280E limitations.
Selecting the right Business Entity for your business is essential and by far the most effective way to mitigate your tax liability as well as keep your audit profile low.
Justin Botillier is an Enrolled Agent and Owner of Rogue Tax Professionals. He has been providing small business accounting services in private practice for over twelve years. He provides his clients peace of mind by addressing the accounting needs of business owners. He specializes in optimizing business structures to mitigate tax liabilities and to reduce audit profiles. Justin services all industries, but he is especially well versed in the complicated cannabis industry.