Description
This course will provide a basic overview of federal tax rules and guidance that apply to Cannabis businesses, including Internal Revenue Code Section 280E, relevant court cases, the "separate trade or business" standard, and inventory accounting. It will also outline the unique tax situations and problems that commonly result from the combination of federal illegality and highly-regulates state law environment - especially in the context of mergers and acquisitions.
Highlights
• Internal Revenue Code 280E basics
• Inventory costing under Section 471
• Major course cases and other guidance
• M&A in the Cannabis industry
Objectives
• Determine Federal tax guidance that applies to Cannabis businesses.
• Recognize common tax problems encountered in the industry.
• Identify how Cannabis companies can comply with available federal tax guidance.
Designed For
CPAs, Attorneys, Enrolled Agents, Financial Professionals, and anyone interested in the fundamentals of this industry.
Course Pricing
WYOCPA Member Fee
$49.00
Non-Member Fee
$59.00
Your Price
$59.00
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