Join industry experts Rachel Gillette and James Mann as they discuss the nuances of taxes, 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!
BENEFITS
- Recall the nuances of taxes, 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 taxes in the cannabis industry.
HIGHLIGHTS
Taxes 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.
Key topics:
- Internal revenue code Section 280E
- Taxes and IRS audits on the cannabis industry
- Current court case involving the cannabis industry
COURSE LEVEL
Basic
PREREQUISITES
none