Preparing Tax Returns for the Legal Marijuana Industry

The legal cannabis has the potential to become a $5 Billion industry for Californa, with many thousands of start-ups on the horizon to be created. As a tax professional, are you prepared? Do you understand risks to you license and how to protect yourself? 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. This course explains the narrow legal exception permitting practitioners to work with clients reporting state legal cannabis related income. The course further explores the basics of preparation issues and the application of IRC 280E, 263A and 471 in unison with applicable Tax Court decisions. John Sheeley EA will be sharing his expertise across California in this 9 CPE hour tour. The registration inlcudes Breakfast and Lunch. CSEA and NAEA Members $295 Non Members $395 Purchase Tickets Now Here: www.123signup.com/register?id=htfrc For additional Details go here: www.123signup.com/event?id=htfrc