Lorman offers professional resources regarding COVID-19 and the 2020 Election

Available in:

MP3 Download
OnDemand Course

Marijuana Tax Issues and Reporting Requirements

Gain a better understanding of current marijuana tax issues and reporting requirements.

The increasing legalization of recreational and medical marijuana at the state level - while still considered an illegal controlled substance under federal law - has created one of the most complex tax and compliance environments imaginable. This topic will provide you a comprehensive overview of the tax issues faced by legal marijuana businesses and their tax advisors.

59 minutes
Course Exam
Certificate of Completion
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • The Industry
  • Status Under Federal Law
  • Status Under State Law

Federal Income Tax Issues

  • Limitations of I.R.C. § 280E
  • Determining Cost of Goods Sold
  • Qualified Business Income Under I.R.C. § 199A
  • Capitalizing on and Under I.R.C. § 263A

State Tax Issues

  • State Taxes Imposed
  • Conformity With I.R.C. § 280E

Reporting Requirements

  • Form 8300
  • Penalties
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

MP3 Download

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • CT CLE 1.0
     
  • HI CLE 1.0
     
  • ME CLE 1.0
     
  • NJ CLE 1.2
     
  • VT CLE 1.0
     
  • WV MCLE 1.3
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on July 27, 2021.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Ariele R. Doolittle, Esq.

Ariele R. Doolittle, Esq.

Hodgson Russ LLP

  • Senior Associate Attorney with Hodgson Russ LLP, member of firm’s State & Local Tax Practice and Cannabis Practice
  • Practice focused on state and local tax matters, including civil and criminal tax controversies, with an emphasis on New York State tax litigation
  • Counsels businesses and high net worth individuals on complex state tax issues
  • Named as a Super Lawyers Rising Star (Tax), 2017 – 2021
  • J.D. degree, Albany Law School; M.B.A. degree, University at Albany; B.S. degree, Empire State College
  • Can be contacted at 518-433-2407 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 408387
Published 2021
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!