
Back-Tax & Prior Tax Issues
More common in this industry than anyone admits publicly. It is fixable, and it gets harder the longer it waits.
Unfiled returns and outstanding balances are more common in this industry than anyone admits publicly. Operators lost their accountant, could not find a replacement, or got a 280E assessment that stopped them cold.
It is fixable, and it gets harder the longer it waits.
What's Included
Why This Differs In Cannabis
Prior returns prepared by a non-specialist frequently contain 280E errors in both directions โ some claimed disallowed deductions, others failed to capitalize costs that were properly capitalizable. Sorting out which applies, and whether amending is worth the attention it draws, requires knowing what a defensible position actually looks like.
Errors run in both directions. Knowing which is which is the work.
Why MCA
We have served licensed cannabis operators since 2015 โ one of the first firms in the country to build a practice around it โ and we have worked with more than 100 operators across 30+ states. Cannabis is all we do, and all we have ever done.
Frequently Asked
How many years back can you go?
Whatever is outstanding. We start with transcripts to establish the full picture.
Will filing trigger an audit?
Filing is generally better than not filing. We will assess your specific risk before acting.
Is this confidential?
Yes.
