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TICS
(redirected from Trafficking in Controlled Substance)

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AcronymDefinition
TICSTrends in Cognitive Sciences (journal)
TICSTreasury International Capital System (Treasury Department's report on investment inflows to the US)
TICSTransport Information and Control System
TICSTeacher Interactive Computer System
TICSTrafficking in Controlled Substance
TICSTOPS InterLATA Carrier Service
TICSTenderness, Instability, Crepitus, Subcutaneous Emphysema


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IRC section 280E prohibits the deduction of all expenses and credits related to trafficking in controlled substances.
It buys back a very important tool for law enforcement to utilize so we can have the ability to go after people who are trafficking in controlled substances," said Lt.
No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which is prohibited by Federal law or the law of any State in which such trade or business is conducted.
 
 
 
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