Description

This course will provide guidance and advice on handling IRS Cannabis tax examinations for businesses engaged in the industry. The panel will discuss the process and procedures for gathering requested documents and the requirements on obtaining installment agreement approvals.

Target Audience

CPAs, Attorneys, Enrolled Agents, Financial Professionals, and anyone interested in the fundamentals of this industry.

Course Objectives

• Determine the best practices for handling tax examinations
• Recognize your Rights To Appeal process
• Identify key issues that the IRS focuses on

Subjects

• Inflation Reduction Act
• Responding to an IRS examination letter
• Federal Tax compliance
• Appeals process

Advanced Preparation

Some knowledge of Cannabis accounting and taxation is recommended.