Federal Income Taxation of Cannabis Businesses 2024 (4 hours)

Overview

CPAs and industry professionals need to stay current on the evolving Federal income tax law applicable to cannabis. At least eighteen states-including California-and the District of Columbia allow legalized cannabis sales, and many more enable medical cannabis sales. Attendees will become familiar with the rules and challenges that affect this growing industry to serve clients best.

Highlights

• Income taxability
• Restrictions on expense deductibility
• Application of capitalization rules
• Ethical and non-tax legal constraints

Designed For

Tax practitioners and financial professionals.

Objectives

• Identify the primary legal and tax changes affecting businesses
• Determine the effects of correctly reporting cannabis sales for federal income tax purposes

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!