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Home IRS Compliance & IRC §280E Advisory
Compliance is the foundation of success in the cannabis industry. Unfortunately, many CPA firms lack the staffing, bandwidth, and specialized knowledge required to keep cannabis businesses compliant in a constantly evolving regulatory environment.
High Life Accounting was an early adopter of what is now the official AICPA cannabis education program, positioning us among the most experienced cannabis-focused accounting firms in the country.
Our affiliation with cannabis-specialized CPAs, EAs, and tax attorneys allows us to stay current with:
Federal and state regulatory changes Enforcement trends IRS audit priorities IRC §280E compliance strategies
Internal Revenue Code §280E disallows standard business deductions for expenses related to the trafficking of Schedule I or II substances under the Controlled Substances Act.
For cannabis businesses, this often means paying tax on nearly double actual income—unless costs are properly documented, allocated, and defended.
