Entity Selection, Structural Techniques, IRC § 280E Implications, Recordkeeping, Audits and More
Advising a business that technically trafficks in controlled substances can get pretty complicated from a tax and business planning perspective. You can't deduct anything apart from costs of goods sold, which has big implications for ongoing operations and entity selection. And if there's one industry where asset protection is a priority, you've found it. This course will focus on business and tax planning techniques for marijuana-related businesses. Discover tactics that work, red herrings that don't and get practical tips to protect your clients - register today!
Clarify the implications of Internal Revenue Code § 280E case law on tax planning, accounting and entity selection.
Get practical strategies for recordkeeping, audit defense and overcoming state taxation challenges.
Identify asset protection and business structuring techniques in the cannabis industry.
This course is part of the Montana Marijuana Business Law 2021: An Online Seminar Series series.
This program may qualify for up to 2.0 hours of self-study CLE credit by the Montana Commission on Continuing Legal Education, including 0.0 hour of ethics. No more than 5.0 hours of self-study CLE credit may be earned during a reporting period.
BRUCE T. ANDERSEN is the President of BTA Corporation, a boutique firm located in Los Angeles, California, providing tax, accounting, and consulting services to small businesses. Mr. Andersen is a certified public accountant. He has taught management science and information systems at California State University in Bakersfield. For the last 14 years he has been a member of the faculty at the University of Phoenix School of Business. Mr. Andersen is a member of California Society of Certified Public Accountants. He received his B.S. degree from Iowa State University, M.S.B.A degree from Boston University, M.B.A. degree from California State University in Bakersfield and M.S. (taxation) from Golden Gate University. After watching the cannabis industry for several years, the firm set up a division specifically for the cannabis industry in 2018, branded as CannabisCPA, providing tax, audit, accounting and systems support to the cannabis industry.
LANCE ROGERS is the principal with the Law Offices of Lance Rogers in San Diego, California. As a part of his regulatory compliance practice, he currently represents many of the leading cannabis companies in California, including retailers, manufacturers, and agriculture ventures. Mr. Roger has litigated a wide array of matters related to cannabis including criminal defense, regulatory violations, land use/zoning, complex business litigation and partnership, and dispute matters. He attained the first dispensary license in Southern California through the county of San Diego. Mr. Rogers has written extensively about the cannabis industry and is a frequent speaker at legal conferences across the United States. He served as general counsel for the California Cannabis Industry Association, a state industry group he helped to form. Mr. Rogers earned his J.D. degree from California Western School of Law, and his B.A. degree from the University of California, San Diego.
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