Preparing Tax Returns for the Marijuana Industry

Street Address 322 N Spokane Falls Ct
City Spokane
ZIP/Postal Code 99201
State Washington
Country United States

The legal marijuana industry finds itself in a very unique tax limbo – while the sale of marijuana is legal (but regulated) in many states, marijuana remains a Schedule I narcotic under federal law. As such, the preparation of tax returns for industry businesses is governed by Internal Revenue Code Section 280E and a number of court cases. Spend the day with us and acquire the tools you need to protect yourself, your practice and your clients.

Join us for 9* hours of continuing education taught by enrolled agents, CPAs and attorneys. Material to be covered includes:

Ethical considerations for EAs CPAs and attorneys entering the industry

Legal considerations when licensing is valid under state law, but a crime under federal law

IRC Section 280E and the intersection with IRC 263A and IRC 471

Chief Counsel’s Advice 201504011

Best practices for legal structure in the industry

Form 8300 compliance and how it affects the Cannabis industry

Using form 8300 compliance to attract clients

New material — your client as a passive investor

A detailed tax return simulation from establishment of the entity through closing.


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