Denial of Expense Deductions for Marijuana Businesses Is Reinforced

By Wiss, Posted in Food & Beverage

In the most recent in a now developing line of Tax Court cases involving the application of Section 280E of the Internal Revenue Code, a hard blow struck the ever-expanding cannabis industry.  In Patients Mutual Assistance Collective Corp. (dba Harborside Health Center) (“Harborside”), v. Commissioner, 151 T.C. No. 11 (November 29, 2018), the Tax Court rejected a variety of arguments in support of ordinary and necessary business deductions and costs of goods sold taken by a taxpayer running... read more.

12 Days of Self-Care - Day 10: Floriana Allen

By Wiss, Posted in Wiss Gets Personal

I have many way that I de-compress after a stressful day at work.  I love being outdoors and being physically active and I am very lucky that my family wants to participate.  We go for long bike rides, take our dog for a walk, play basketball, play soccer, go swimming, etc.  There is something about the fresh air outside that rejuvenates and energies us as the same time creating memorable memories.  I really enjoy cooking with my family. My daughter especially loves assis... read more.