CSEA Education: Cannabis in California

Preparing Tax Returns for the Legal Marijuana 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. 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.

This one day seminar will be offered in three locations:

• Anaheim (November 29th): CLICK Here
• Sacramento (November 30th): CLICK Here
• Foster City (December 1st): CLICK Here