Justin Hobson

[Justin Hobson @jhob]

@indytom62 @katallentax @Johnschroyer It could be in effect a $100MM loan plus interest and potential penalties. A refund is not indicative of the strength of the position or IRS agreeing with the taxpayer's position.

[Justin Hobson @jhob]

@katallentax @indytom62 @Johnschroyer I don’t see how they push this 280E position given the holding in New Colonial Ice—tax deductions are a matter of legislative grace.

[Justin Hobson @jhob]

@Johnschroyer How are they booking the refund for financial accounting purposes? Fully reserved with an offsetting uncertain tax position liability?

[Justin Hobson @jhob]

@bojack54 I would be willing to repeal the bottle bill. Is our situation better or worse than Washington’s? The underlying premise for keeping it is people will litter or not recycle without additional incentive. Not sure that’s accurate or worth the cost.

[Justin Hobson @jhob]

@HollandHart @katallentax @MJBizDaily Booking the UTP suggests Trulieve thinks it would lose if audited and hasn’t reached a more likely than not comfort level. Great article!

[Justin Hobson @jhob]

@MorganGodvin My take is any D9-THC product is going to cause impairment and there doesn't appear to be an LD50 reason to set concentration limits. Couldn't this be addressed by better labeling and product design?

[Justin Hobson @jhob]

@MorganGodvin I disagree with this take. In OR, infused products are treated differently non-infused. Infused products are generally more expensive and result in higher sales tax revenue per product. Should we similarly restrict distilled alcohol?

[Justin Hobson @jhob]

@ForemanTaxLaw @LorilynWilson We get arts tax, preschool for all, and homeless services taxes all at the local level for wage employees in Portland. But wait, there’s more if you operate a business…

[Justin Hobson @jhob]

@MorganGodvin @PeterMoskos No, a directive from then Sheriff Reece that was later removed by the current Sheriff https://t.co/0UsayNqHn1

[Justin Hobson @jhob]

@PeterMoskos @MorganGodvin Booking criteria changed during COVID. Lots of citations in lieu of arrest. Lots of people were given a court date and never booked.

[Justin Hobson @jhob]

@katallentax Guessing the whole year to give congress enough time to implement an excise tax to make up for any lost revenue. But I’m pessimistic.

[Matt Ellis @MattEllisDA]

When reading about Portland and its problems, I would suggest listening to a local with lived experience over an East Coast journalist, given a tour by someone with an agenda. Well written by @MorganGodvin https://t.co/NdSK6RDCmM

[Justin Hobson @jhob]

@ForemanTaxLaw Which Griffey tho?

[Justin Hobson @jhob]

@ForemanTaxLaw Agree in some cases. Need to consider phantom income risk of PTE and potential 1202 benefit of C corp.

[Justin Hobson @jhob]

@bojack54 DOR created a tax compliance certificate for marijuana retailers. Could be a good pathway.

[Miller Nash LLP @MillerNashLLP]

What #cannabis retailers need to know about #Oregon's temporary #tax compliance rules: https://t.co/NWgRKKsWq1.

#TaxTwitter

[Miller Nash LLP @MillerNashLLP]

The Washington State Supreme Court recently upheld an excise tax on the privilege of selling capital assets within #Washington State. In a recent article, Justin Hobson explore practical, probable, and possible outcomes of this case: https://t.co/MucoBrjrrR.

#TaxTwitter #WALeg

[Justin Hobson @jhob]

@ForthMobility @OregonDOT The blue unicorn! Miss my @Honda Fit EV.

[David Gutman @davidlgutman]

The Washington Supreme Court’s decision on the constitutionality of the state’s capital gains tax will come tomorrow morning, the court says.
Background: https://t.co/bU8suhTBFv

[Justin Hobson @jhob]

@Rapeton @elonmusk 🤔