Navigating Cannabis Taxation: Insights and Controversies 1 Credit
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As more states legalize cannabis for recreational purposes, tax revenues from cannabis sales have surged into the millions, and in some cases, billions. However, navigating the tax landscape for cannabis businesses remains complex.
While income from legal cannabis sales is reportable for federal income tax purposes, intricate rules govern expense deductions, both federally and at the state level. Join us for an in-depth exploration of the multifaceted tax landscape of the cannabis industry. Delve into the intricate rules governing expense deductions and gain valuable insights into maximizing tax efficiency for cannabis businesses.
From navigating federal regulations to understanding state-specific nuances, this course offers a comprehensive understanding of cannabis taxation that is essential for professionals operating in this rapidly evolving sector. Whether you're a tax professional, accountant, or cannabis business owner, this course provides invaluable knowledge and strategies to ensure compliance while optimizing tax benefits.
Major Topics Covered:
Don't miss this opportunity to equip yourself with the expertise needed to navigate the complexities of cannabis taxation and drive financial success in the burgeoning cannabis industry.
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 1 CPE | Approved |
| Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01954-24-S) | 1 CE | Approved |
| Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01954-24-S) | 1 CE | Approved |
| Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1546) | 1 CE | Approved |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 1 CPE | Eligible |
| Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01954-24-S) | 1 CE | Approved |
| Federal tax-related matters for LTC (Approval No. GEHNZ-T-01954-24-S) | 1 CE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 1 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 1 CPE | Eligible |
| Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01954-24-S) | 1 CE | Approved |
Credit
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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Dr. Curatola is the Joseph F. Ford Professor of Accounting at Drexel University in Philadelphia. He is the Tax Column Editor for Strategic Finance since 1992. He has served as the editor of the Journal of Legal Tax Research and currently serves on the editorial review board of several journals, and has held a variety of leadership positions, including current national service with the Institute of Management Accountants. He has published over 250 articles in journals including Journal of Financial Services Professionals, Journal of the American Taxation Association, Journal of Forensic & Investigative Accounting, Oil, Gas, & Energy Quarterly, and Tax Notes to name a few. Dr. Curatola was a co-editor on IRA Answer Book by Wolters Kluwer and author of the EA Review course for Surgent Publishers. Dr. Curatola externally funded research findings have appeared in media such as Forbes Magazine, The Washington Post, The Wall Street Journal, The New York Times, and other media outlets.
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CB
This was very interesting and made me realize that I don't want to do a return with a marijuana business.
NM
Good examples for court cases.
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