четверг, 26 мая 2011 г.

Tax deduction for marijuana supplies

Bongs and rolling paper a tax-deductible business expense? A Colorado congressman has introduced legislation allowing marijuana-related businesses to claim deductions. Congressman Jared Polis says medical marijuana dispensaries should be allowed the same sort of federal tax deductions as other small businesses. Medical marijuana is legal in Colorado. But the IRS doesn't allow pot-related deductions because the weed still violates federal law.

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