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(LA Times)   56-year-old convicted drug dealer made millions off his nine pot dispensaries, forgot the little detail about reporting income to the IRS. Has it already been long enough for people to forget how Capone went down?   (latimes.com) divider line 7
    More: Dumbass, IRS, Dana Point, San Clemente, dispensary, safe harbors, grocery bags, incomes  
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1536 clicks; posted to Business » on 30 Mar 2013 at 11:35 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-30 11:38:37 AM  
3 votes:
And this ladies and gentlemen, is how the federal government is going to enforce the federal prohibition on marijuana in states that have legalized it.
2013-03-31 06:44:38 AM  
1 votes:
Meanwhile the guys laundering money at HSBC are still free and major companies making billions in profit pay nothing in taxes on that profit
2013-03-30 01:33:44 PM  
1 votes:
blog.aacriminallaw.com
2013-03-30 01:15:43 PM  
1 votes:

BigLuca: wildcardjack: Hmm, so declare your fifth amendment right against self incrimination in a letter and send it to the IRS.

Seriously. If you send the IRS a tax form declaring your income from a federally illegal activity you are supplying evidence in the prosecution against yourself. So any clarity about your income, from the source to the size, would be constitutionally protected information.

Unless, you know, we're just profit centers for Pfizer and ConAgra.

I've often wondered how that worked.  Can you make an anonymous "donation" to the IRS?


It's called a 1099 MISC form.  This guy was an idiot.

You have to say who you are and your Social Security number, but not the type of business.

PDF form: www.irs.gov/pub/irs-pdf/f1099msc.pdf
2013-03-30 01:01:43 PM  
1 votes:

wildcardjack: Hmm, so declare your fifth amendment right against self incrimination in a letter and send it to the IRS.

Seriously. If you send the IRS a tax form declaring your income from a federally illegal activity you are supplying evidence in the prosecution against yourself. So any clarity about your income, from the source to the size, would be constitutionally protected information.

Unless, you know, we're just profit centers for Pfizer and ConAgra.


I've often wondered how that worked.  Can you make an anonymous "donation" to the IRS?
2013-03-30 12:54:26 PM  
1 votes:
Hmm, so declare your fifth amendment right against self incrimination in a letter and send it to the IRS.

Seriously. If you send the IRS a tax form declaring your income from a federally illegal activity you are supplying evidence in the prosecution against yourself. So any clarity about your income, from the source to the size, would be constitutionally protected information.

Unless, you know, we're just profit centers for Pfizer and ConAgra.
2013-03-30 12:37:40 PM  
1 votes:
I'm confused about what was going on here. If other people owned the dispensaries on paper, then why were they handing over the profits to this guy? All I can think of is that he might have provided the start-up money for the dispensaries, but TFA isn't really clear about the nature of his connection to them.
 
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