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 Colorado Marijuana Business Law 2021: An Online Seminar Series series.
Continuing Legal Education CO CLE
- 2.00Approval Exp. 12/31/2023
NBI, Inc. is a Certified Provider, as recognized by the Colorado Supreme Court Continuing Legal and Judicial Education Committee. This program may qualify for up to 2.0 hours of home study general Colorado Continuing Legal Education Credit, including 0.0 ethics credit.
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, his M.S.B.A degree from Boston University, his M.B.A. degree from California State University in Bakersfield, and his M.S. degree (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.tax, providing tax, audit, accounting and systems support to the cannabis industry.
LOGAN JONES is an attorney with JonesBrown, PLLC, in Tulsa, Oklahoma, where his practice areas include criminal defense, civil rights, and personal injury litigation. Mr. Jones is a nationally recognized speaker and is actively engaged in the representation of cannabis business owners in Oklahoma. As one of the founders of Cannabis Business Professionals of Oklahoma, he provides guidance and counsel to business owners and operators on the formation and successful operation of these businesses given the evolving legal, legislative, compliance, and regulatory environments. Mr. Jones is admitted to the Oklahoma Bar Association; and the United States District Court for the Eastern, Northern, and Western districts of Oklahoma. Mr. Jones earned his B.A. degree from the University of Utah, his J.D. degree from the University of Tulsa College of Law, and a Master of Taxation degree from the University of Tulsa.
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