A Baltimore accounting firm is urging cannabis companies to prepare for a change in federal law that could result in millions of dollars in tax refunds. Vadim Ronzhes, tax director at Towson-based Rosen, Sapperstein & Friedlander, is advising cannabis firms across the state to file a protective claim with the IRS because the federal government faces several legal actions and new regulations that could change how the nascent industry is taxed.
Potential law changes could mean big tax refunds for these businesses
February 16, 2024