Rules Apply To Everyone
Rules Apply To Everyone
There may be some people that won’t be particularly to see this article, too bad. We are done being penalized for following the rules. The platforms that have misleading statements in their advertising with terms such as “Cannabis Accountant”, IRC Sec. 280E Expert, and claims that their contractors are within the top “x%” of consultants which they can not produce independently verifiable evidence to support may be subjecting their contractors to sanction by IRS OPR under Circ. 230 Sec. 10.30(a)(1), even if the platform isn’t subject to regulation, the Circular 230 Practionioners using their advertising and promotional services may be. There are additional concerns with respect to outsourced data and taxpayer privacy under IRC Sec. 7216

The document includes links to an extensive collection of documents and tools which can facilitate both California cannabis industry businesses and their advisors being educated to improve their ability to comply with myriad rules.
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