Neil Feinberg, et al., Petitioners v. Commissioner of Internal Revenue
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October 07, 2019
Justices Won't Hear Pot Biz's Dispute Over Tax Deductions
The U.S. Supreme Court declined Monday to hear a case by a marijuana business arguing that state laws allowing pot sales should not be overridden by a federal law prohibiting business tax deductions for the sale of illegal substances.
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September 27, 2019
4 Federal Tax Cases To Watch At The US Supreme Court
From challenging 30-year precedent that requires small-business owners to turn over self-incriminating tax records to determining the ownership of tax refunds among affiliated groups, the U.S. Supreme Court’s fall docket contains many interesting cases involving federal tax law. Here, Law360 looks at four federal tax cases to watch in the upcoming term.
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July 29, 2019
Fed. Law Doesn't Bar Deductions For Pot Biz, Justices Hear
The owners of a Colorado marijuana business are entitled to tax breaks since a federal law disallowing business deductions for the sale of illegal substances does not override Colorado law, the U.S. Supreme Court has heard.