Webcast
Basic
CPE Credits
1 Credits: Taxes
Course Description
One of the largest pain points for cannabis operators is Section 280E of the Internal Revenue Code. This course will discuss the draconian implications of this provision of the Internal Revenue Code. This course will discuss the history of Section 280E, and how it impacts cannabis operators. You will learn how to manage 280E as best as possible in a world where the Courts have consistently held its applicability to cannabis operators. However, there are some tools that we will discuss to limit its impact where possible. We will also discuss the IRS’s enforcement of Section 280E, which has been harsh. And lastly, we will discuss what ramifications providing services to cannabis clients might have on practitioners.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Understand the history of Section 280E and when it applies, and when it does not.
- Understand the court battles trying to change the IRS’s position and how the courts have decided.
- Use the tools available and allocation methods to lessen the burden of 280E.
- Understand the risk practitioners incur when working with cannabis clients.
Course Specifics
|
Course ID WC1822291376 |
Revision Date July 22, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02049-22-O
IRS Federal Tax Law Credits: 1
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02049-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1785
CTEC Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1785
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Course Instructor
Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …
2022 Cannabis and Federal Taxation: A Primer on Representation Before the IRS and Section 280E
$49.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
Webcast
Basic
CPE Credits
1 Credits: Taxes
Course Description
One of the largest pain points for cannabis operators is Section 280E of the Internal Revenue Code. This course will discuss the draconian implications of this provision of the Internal Revenue Code. This course will discuss the history of Section 280E, and how it impacts cannabis operators. You will learn how to manage 280E as best as possible in a world where the Courts have consistently held its applicability to cannabis operators. However, there are some tools that we will discuss to limit its impact where possible. We will also discuss the IRS’s enforcement of Section 280E, which has been harsh. And lastly, we will discuss what ramifications providing services to cannabis clients might have on practitioners.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Understand the history of Section 280E and when it applies, and when it does not.
- Understand the court battles trying to change the IRS’s position and how the courts have decided.
- Use the tools available and allocation methods to lessen the burden of 280E.
- Understand the risk practitioners incur when working with cannabis clients.
Course Specifics
|
Course ID WC1822291376 |
Revision Date July 22, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02049-22-O
IRS Federal Tax Law Credits: 1
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02049-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1785
CTEC Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1785
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Course Instructor
Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …
2022 Cannabis and Federal Taxation: A Primer on Representation Before the IRS and Section 280E
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
$49.00