Preparing Tax Returns for the Legal Marijuana Industry - State College, PA

PREPARING TAX RETURNS FOR THE LEGAL MARIJUANA INDUSTRY Ensuring tax professionals possess the tools to help the industry. 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. SLEEPING ROOMS: attendees should call the hotel directly to arrange for sleeping rooms or use the special like below to obtain the discount. 1) Call reservations at 814-272-1221 and ask for the Tax Practice Pro negotiated rate 2) Link coming NOTE: The program runs from 8 am until 5 pm, which allows for 9 CE, lunch and breaks. The room opens at 7 am for breakfast and registration. Breakfast, lunch, breaks and all day beverages are inclued in the registration. Please let us know in advance of any dietary requests. QUESTIONS OR NEED HELP? Call us at 800-943-1750. OUR REFUND, TRANSFER and CANCELLATION POLICY: Full refund, less $25 processing fee, if requested 21 days or more before the event. 50% refund if requested 8-20 days before event. No refund if requested less than 8 days from the event. Requests must be in writing and sent to [email protected]. We can honor a transfer to the same course at another venue. The following fees apply: $25 if the transfer is requested 21 days or more prior to the event you are registered for. A 50% fee is applied if you request the transfer 8-20 days before the event you are registered for. No transfers can be accommodated with less than 8 days of notice from the event you are registered for (effective 11/21/2015). Debora (Debi) D. Peters, EA, ATP Peters Tax Solutions LLP President John Sheeley EA Tax Practice Pro Inc Founder