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IRS targets medical marijuana businesses

In targeting the medical marijuana industry, the IRS is pursuing action that could send shockwaves through the medical marijuana industry — or even destroy it completely.

This year IRS will be looking at you

Today is the deadline to file federal income taxes, and individuals and businesses are scrambling to get their books in order. The recession continued to batter individuals and families in 2009, with income falling and unemployment rising. But corporate profits started to rebound — nowhere more spectacularly than in the financial sector. Given those fundamentals, one might imagine that the Internal Revenue Service would focus more on corporations than individuals or small businesses.