This program will cover two distinct topics. First, review types of matters that fall under the “tax controversy” umbrella, learn how to effectively interface with IRS personnel and anticipate the impact of IRS staffing increases. Second, hear about the state of the cannabis industry in the United States and New Jersey, including a deep dive into the New Jersey cannabis law and challenges cannabis companies face as they attempt to operate in a state-legalized, but federally illegal industry.
DESIGNED FOR
All CPAs
BENEFITS
- Gain a framework for working clients who have tax controversy matters and consider important non-tax-related issues.
- Develop a better understanding of the cannabis industry and the New Jersey law, including tax concepts.
HIGHLIGHTS
This presentation will include:
Tax controversy and practicing procedure
- IRS examination
- Collection processes
- IRC penalty framework
Cannabis
- Cannabis industry in the United States
- New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (CREAMMA)
- Challenges in the cannabis industry
- Tax considerations
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None