The Cannabis Industry: Taxation, IRS Audits and Sec. 280E

Description

Taxation and audits are a harsh reality for most companies, but for those businesses involved in the cannabis industry, they can be particularly brutal. Sec. 280E prohibits any deduction of a taxpayer's business expenses if the taxpayer's trade or business consists of trafficking controlled substances. This means you as a tax practitioner need to be at the top of your game in order to ensure proper tax compliance for your cannabis clients. Join industry experts Rachel Gillette and James Mann as they discuss the nuances of Taxation, audits and Sec. 280E in the cannabis industry. You'll also hear from the attorneys who are representing Harborside in the appeal of a Tax Court decision to the Ninth Circuit. This webcast is offering a full gamut of information involving the cannabis industry that you don't want to miss!

Date/Time

Wednesday, December 9, 2020
Registration Time: 12:00pm
12:00pm – 2:00pm

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Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Basic

Vendor

AICPA

Prerequisites

None

Advanced Preparation

None

Highlights

Key Topics: -Internal revenue code Section 280E -Taxation and IRS audits on the cannabis industry -Current court case involving the cannabis industry

Objectives

Recall the nuances of Taxation, IRS audits and Sec. 280E on the cannabis industry. Identify the status of a current court case involving the cannabis industry. Recognize how you as a tax advisor can help your clients better prepare for the complexities of Taxation in the cannabis industry.

Location

N/A (This is a webcast)
Member Fee $120.00
Non-Member Fee $150.00
Your Price $150.00
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