One of the largest pain points for cannabis operators is Section 280E of the Internal Revenue Code. This course will discuss the draconian implications of this provision of the Internal Revenue Code. This course will discuss the history of Section 280E, and how it impacts cannabis operators. You will learn how to manage 280E as best as possible in a world where the Courts have consistently held its applicability to cannabis operators. However, there are some tools that we will discuss to limit its impact where possible. We will also discuss the IRS’s enforcement of Section 280E, which has been harsh. And lastly, we will discuss what ramifications providing services to cannabis clients might have on practitioners.
Typical vs. Marijuana Business. Practitioners Concerns Preparing Returns For Marijuana Industry.
CPAs and other tax professionals.
Understand the history of Section 280E and when it applies, and when it does not. Understand the court battles trying to change the IRS’s position and how the courts have decided. Use the tools available and allocation methods to lessen the burden of 280E. Understand the risk practitioners incur when working with cannabis clients.
- This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT.
- You may take up to one year from the date of purchase to complete the course.
- Pause your FlexCast and resume at a convenient day during the hours above.
- Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning.
- Use chat to ask questions of a subject matter expert during the program.
Adam Fayne, Western CPE
Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both federal and state, particularly involving civil and criminal tax fraud, including tax evasion, money laundering and offshore tax compliance. Adam’s knowledge of tax law is informed by his former role as a Special Assistant U.S. Attorney with the Department of Treasury’s IRS.
Non-Member Price $56.00
Member Price $49.00