IRS Hosts Marijuana And Cryptocurrency Tax Information Event; Support For Pot Legalization Gets A Mention

The Internal Revenue Service (IRS) on Wednesday hosted a forum dedicated to tax policy for marijuana businesses and cryptocurrency…and legalization was on the menu. How could it not be when there has been growing public support for legalization and the prospects of federal reform?

The tax tête-à-tête, presented by the National Association of Tax Professionals (NATP), looked at issues such as allowable tax deductions and how different states are taxing marijuana — clearly not an easy subject in view of the U.S.'s patchwork of state-by-state cannabis regulations.

Bitcoin At The Nationwide Forum: The IRS Nationwide Tax Forum also covered issues related to paying on earnings in Bitcoin and other forms of digital currency. Again, not a line anyone has seen on their tax forms, at least not yet.

Although one wonders what Detroit Pistons' Cade Cunningham, the first overall pick in the 2021 NBA draft, will do about his next year. Cunningham is being paid 100% of his

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More IRS Hosts Marijuana And Cryptocurrency Tax Information Event; Support For Pot Legalization Gets A Mention