Oklahoma Charter School Owners Dispute $76 Million Excise TaxesPart-owners of a for-profit company that managed a nonprofit virtual school challenged more than $76 million in federal excise taxes the IRS assessed against them for allegedly receiving excess financial benefits from the nonprofit in 2018 and 2019.Bloomberg Tax News3d agoWhole story →EducationEconomytax court challenge
Marijuana Mogul, Pot Growth Firm Challenge $7.8 Million in TaxesA businessman who calls himself the “Godfather of Good Cannabis” and the marijuana growing company he founded almost 30 years ago are challenging a multi-million IRS tax bill in federal court.Bloomberg Tax News12d agoWhole story →Economytax court challenge