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Home / Opinion Digests / Taxation – Illegal Drug Income – Prior Criminal Forfeiture (access required)

Taxation – Illegal Drug Income – Prior Criminal Forfeiture (access required)

A taxpayer loses his challenge to the IRS’s assessment of his illegal drug income from the sale of marijuana from 1984 through 1998, without relying on findings from a prior criminal forfeiture of the taxpayer’s drug proceeds, and the 4th Circuit affirms the tax court judgment for the IRS. The tax court determined taxpayer and his ...

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