The IRS Has Come to Monterey County
We were recently notified of an IRS “Form 8300” audit of a local cannabis client. We have been advising our clients not to ignore the troublesome and annoying Form 8300 filing requirement for some time now. The IRS agent has claimed that this audit is an “educational examination,” and is not a tax audit. We’ll see. We view the start of these audits of Monterey County businesses as an indication of the importance given by the IRS to the Form 8300. If this is truly an “educational examination,” then the indication is that the Service is gearing up for heightened enforcement.
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