Business tax quick guide — tax year 2020
Download and print this quick guide for use during tax season, and look for our quick guide for individual taxpayers in the January 2021 issue.
FROM THIS MONTH'S ISSUE
Cannabis dispensary denied ERC
The Court of Federal Claims held that Sec. 280E, which prohibits deductions and credits for businesses trafficking in controlled substances, applies to the employee retention credit (ERC), including its refundable portion, and denied a cannabis business’s claim for a refundable ERC.
