Daily Tax Report ®

Pot Sellers Want to Pay Their Taxes—But Can’t During the Shutdown (2)

Jan. 25, 2019, 6:32 PMUpdated: Jan. 26, 2019, 2:50 AM

Marijuana businesses without bank accounts are trying to pay their taxes. With the government still shut down, they can’t.

Those business owners often pay their taxes in cash, because federal money-laundering regulations deter banks from doing business with companies selling state-legal marijuana. The Internal Revenue Service’s taxpayer assistance centers, which handle large cash payments, remain closed, despite the agency’s calling back thousands of workers to handle the onslaught of returns.

President Donald Trump signed a bill Jan. 25 to fund agencies through Feb. 15, ending the partial government shutdown. Several tax payment deadlines passed during the almost 35-day funding lapse....

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