IRS hits Oakland pot superstore with $2.4M challenge bill
The organizer of a key San Francisco Bay area remedial marijuana dispensary believed Tuesday he has been destroy with a $2.4 million income tax tab following an inner Revenue Service audit of Harborside vigor Centers pay income tax returns from 2007 and 2008.The back taxes, penalties and benefit resulted from an IRS determination to a toll code prohibiting cost deductions on behalf of businesses to traffic within illegal drugs applies to Oakland-based Harborside.Harborside head of the company Steve DeAngelo says the deductions the IRS unacceptable includes standard operating outlay such such as rent, payroll, employee vigor insurance and licensing fees.Government auditors did not dispute with the purpose of Harborside had accurately deducted its biggest expense — the millions it spent selling marijuana to retail.An IRS spokesman says the agency does not comment on individualistic audits.