Getting your player ready...
The IRS charges marijuana businesses a 10 percent penalty on tax payments made in cash. The businesses must pay in cash because they can’t legally access the banking system. (Associated Press file)
Re: “IRS refuses respite for dispensary; Business penalized for not paying taxes electronically has no bank options,” Feb. 17 business news story.
I wonder if any of the marijuana business owners have noticed that on all U.S. currency it is plainly printed: “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE.”
It seems to me that this would supersede any administrative rules that the IRS has promulgated.
Dale Harris,Fort Lupton
This letter was published in the Feb. 19 edition.
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