Self-Study
2
Basic
Taxes
There are no prerequisites.

Course Description

Building on the information presented in An Overview of Legalized Cannabis: State Laws, Taxation, and Ethics, Nick Richards explores in more detail the impact of IRC §280E on the cannabis industry. Topics covered include ethical issues, tracking systems, entity formation, as well as record keeping. With the onset of the recreational cannabis industry, state and federal marijuana taxes, at high rates, have incentivized regular income, excise, and sales and use tax audits. Be ready.



Instructor

Nick Richards

Nick Richards represents individuals and businesses involved in tax audits, trials, and collections throughout Colorado, California, and the Western U.S. He joins Dill Dill Carr Stonbraker & Hutchings, P.C., after six years of experience successfully representing taxpayers and eleven years of experience as an IRS trial attorney.

His diverse background as a tax controversy attorney and educator, along with his inside understanding of IRS procedures and personnel, allows him to achieve successful legal solutions tailored to his individual client’s needs. Mr. Richards is licensed to practice law in the State of California and the State of Colorado. He is also admitted in the US Tax Court, Colorado District Courts, and California District Courts. Outside of work, Mr. Richards enjoys time with his wife and two children. He also works as an Adjunct Professor of Law at the University of Denver, Graduate Tax Program. Mr. Richards also teaches continuing education programs throughout the country to attorneys, CPAs, and tax professionals.



Course Specifics

Taxes
Feb 8, 2017
There are no prerequisites.
SS8162581
None


Compliance Information

103220
IRS Provider #: OMYXB IRS Course ID: 0MYXB-T-01105-16-S IRS Federal Tax Update Credits: 2
CTEC Provider #: 2071 CTEC Course ID: 2071-CE-1064 CTEC Federal Tax Update Credits: 2 Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Section 1

  • Recognize current laws, regulations, and court cases pertaining to the cannabis industry, noting the Department of Justice's enforcement role as well as the states that have issued specific guidance to licensed professionals with clients in the cannabis industry
  • Recognize federal cannabis taxation requirements, noting historical legislation origins, reporting requirements, and the impact of federal taxation on a cannabis business

Section 2

  • Identify relevant tax code sections pertaining to cannabis businesses, noting accounting and reporting requirements, the impact of the regulations, and areas where current law could be challenged



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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