Tax DeadlineHigh Priority5w away
IRC §471(c) Simplified COGS Method — Q2 2026 Estimated Tax
- Starts
- Tuesday, June 16, 2026
- Authority
- Internal Revenue Service ↗
Cannabis businesses electing IRC §471(c) simplified COGS accounting must make Q2 2026 federal estimated tax payments by June 16. Under §471(c), plant-touching businesses can include certain indirect costs in COGS — reducing 280E exposure. This election must be made in year one of business or upon change in accounting method.
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