Attend upcoming webinar and earn continuing education credits. Legalized Cannabis: Federal & State Compliance, Entity Selection, Taxation, and Ethics | | | | | | | January | | 19 | 3 pm - 4:30 pm ET | | Presenter: Nick Richards, of Dill Dill Carr Stonbraker & Hutchings, PC | | Credits: CPE, CLE in all states (Credit Details) | | Can't attend live? By registering, you will be able to view the course live, view a recording at any time after the live presentation, or both. | | Viewing Options: View on your computer, tablet, or smartphone | | | | | | | | | | This practical webinar provides an overview and specific detailed discussions for attorneys and accountants advising cannabis businesses and representing them before the IRS and state departments of revenue. You will learn the core principals governing the Federal response to state-legalized cannabis, the impact and effect of IRC Section 280E on cannabis business expenses and profits, the essential accounting methods and business structures necessary to manage Section 280E, and the banking and cash reporting requirements in the cannabis industry. Upon completion of this course you will be able to: - Understand the Cole Memo requirements for compliant cannabis businesses and banking
- Identify the "280E Footprint" in cultivation, manufacturing, distribution, and retail businesses
- Advise business owners regarding 280E phantom income
- Integrate Seed-to-Sale Tracking in cannabis regulatory compliance and taxation
- Minimize state tax issues before they become a problem
- Apply the core principals of Inventory Accounting (Section 471) to minimize Section 280E
- Understand cash reporting requirements for cannabis businesses and banks
| | | | | | | Nick J. Richards is a practicing tax attorney at Dill Dill Carr Stonbraker & Hutchings, PC, where he represents cannabis businesses before the IRS, Colorado DOR, and California FTB. He is also an Adjunct Professor of Law at the University of Denver, where he teaches SALT and Tax Controversy, and a former IRS trial attorney and Special Assistant U.S. Attorney. After 11 years with the IRS, Nick began representing individuals and businesses and was one of the first attorneys to represent a cannabis company in an IRS 280E audit. Nick graduated from law school at Lewis & Clark College in Portland, Oregon and did his undergraduate at UCSB in Santa Barbara, California. | | | | | | | | | ● Earn continuing education credit for no additional fee ● Access courses on your computer, tablet, or smartphone ● More than 75 live webinars each month ● More than 1,300 on-demand courses | | | | | |
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