If you're involved in the cannabis industry, you're likely aware of the significance of Section 280E in the tax code. This provision presents a major challenge for cannabis entrepreneurs and businesses by limiting certain deductions, but it doesn’t have to be a roadblock to success. Compliance with 280E is crucial for the long-term sustainability of cannabis businesses.

Join us for an in-depth webinar where we’ll explore the details of Section 280E, how it currently affects cannabis companies, and strategies for managing its impact. We’ll also cover refund and return scenarios that may apply specifically to cannabis operations, providing valuable insights into how businesses can navigate these tax hurdles.

Additionally, the session will highlight Section 471(c), a method that has gained traction in recent years. We’ll examine the mechanics of this method and discuss recent developments to help cannabis businesses optimize their tax strategies within the framework of the current regulations.

Learning Objectives:

  • Discover the current battle to prove that Section 280E is not applicable and how to protect your ability to benefit should it be successful
  • Learn the legal underpinning of Section 471(c) and how it is being used by the cannabis industry and viewed by the IRS
  • Explore the potential to recover past 280E costs after rescheduling
  • The legal background and current state of bankruptcy laws
  • The business impact of the restructuring options available to the cannabis industry
  • How rescheduling cannabis will change financial and bankruptcy options for the industry

Key topics covered in this course:

  • Internal Revenue Code (IRC) Section 280E, the most important section in preparing tax returns for the legal cannabis industry
  • How to make the necessary allocations to your accounting system for IRC 280E, IRC 263A and IRC 471
  • The implications of Chief Counsel Memorandum 2015-4011
  • The differences for legal cannabis industry tax returns as they relate to audits, collections, appeals and litigation
  • The basic requirements for filing Form 8300 including compliance and data collection
  • How to correct incorrectly prepared books by making the necessary allocations for IRC 280E and then preparing the tax return
  • How to setup up your accounting system properly so you won’t run afoul of the IRS
  • The best legal structure for the business entity
  • Is a management company needed
  • Banking rules and regulations
  • Completed sample tax returns

Credits and Other information :

  • IRS CPE Credits: 2.0 TAX
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: DFFSC
  • Attendance Requirement: Yes
  • Session Duration: 2 Hours
  • Case Studies and Live Q&A session with speaker
  • PowerPoint presentation for reference

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3. What is web download and transcript or On demand session?

 The web download grants access to the webinar recording, enabling you to receive a link to download and save it on your computer for convenient viewing, multiple times.

 The transcript offers comprehensive written material from the webinar, ensuring you have detailed documentation of the content presented.

 On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

4. Is there an opportunity to ask questions to the speaker during the session?

Each webinar wraps up with a Q&A session, giving you the opportunity to interact with industry experts and receive answers to all your queries.

5. We provide the following CE credits to the professionals on the approved courses.

  • IRS
  • HRCI
  • SHRM

6. When are the continuing education credits reported to the IRS, HRCI, SHRM and other regulatory bodies ?

Your educational credits will be reported to the appropriate licensing and regulatory bodies within 5-7 business days

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Upon registering for any of our webinars or products, you will receive webinar instructions 24 hours before the conference over the your registered mail id with us also check SPAM/JUNK folder. If you’ve not received the instructions, Please reach us at support@pioneereducator.com

9. How can I cancel my registration?

For registration cancellations, please reach out to us via email at support@pioneereducator.com. If you cancel your registration for a paid webinar, expect the refunded amount to be credited back to your payment method within 7 business days.

10. How can I download the learning materials/Handouts available for the webinars/Seminar?

Conference materials will be accessible 4 hours before the webinar begins. You can download them directly from the webinar page or by logging into your account

11. What are the system requirements to attend a live webinar?

Our seamlessly integrated with ZOOM and Gotowebinar for delivering continuing education webinars. The system requirements are :

  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth

12. I took a webinar, where is my certificate?

Your certificate will be sent to you via email within 3 working days after the webinar ends. Alternatively, you can log in to your account at www.pioneereducator.com to retrieve it. If you haven't received the email within this timeframe, please check your spam/junk folder. If you still can't find it, don't hesitate to contact us via email at support@pioneereducator.com or connect with us through the online chatroom.



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