Internal Revenue Service (IRS)

IRS Confirms No Federal Tax Deductions For Marijuana Businesses Until Rescheduling Is Finalized

IRS confirms marijuana businesses can't claim federal tax deductions under 280E until rescheduling is finalized.

Bezos, Musk, Buffett Entwined In Unforeseen Twist In Trump's Tax Leak Probe

A mystery for the longest time, the breakthrough on Trump's Tax returns leak came after ProPublica published a series of articles in June 2021, revealing several American billionaires, including Jeff Bezos, Elon Musk, and Warren Buffett, paying minimal income tax relative to their vast wealth.