VASEA & NAEA Member Rate
$50 per webinar; $240 for Spring Seminar 6-webinar bundle
IMPORTANT: Members must use membership discount code at time of registration to receive member rates. Do not pay full amount & request refund. An administrative fee will be deducted in those cases.
$70 per webinar; $360 for Spring Seminar 6-webinar bundle
VASEA Spring Seminar Webinar: Marijuana – Current Law & Tax Considerations
The legal marijuana industry finds itself in a very unique tax limbo - while the sale of marijuana is legal (but regulated) in most states, marijuana remains a Schedule I narcotic under federal law. As such, the preparation of tax returns for industry businesses is governed by Internal Revenue Code Section 280E and a number of tax court cases. The program explores IRC 280E, what is deductible and what is not under the most current tax court cases. The course also reviews common errors we recently noticed in reviewing other tax returns.
-Review the basics or how marijuana taxation is different from most tax work we see
-Understand Internal Revenue Code Section 280E and its importance when preparing industry tax returns
-Learn the most recent tax court cases and how they impacted preparation of legal cannabis industry tax returns
-Understand IRC 471(c) and the risks and rewards of having your client implement it
-Review common errors seen in in reviewed tax returns
IRS Program Number: QSRNU-T-00482-21-O
Participants will earn up to 2.0 IRS CE / 2.0 NASBA CPE
Field of Study: Federal Tax Law Topics / Taxes
Prerequisites: Participants should have at least two tax seasons experience preparing business tax returns
Who Should Attend: EAs and other tax professionals
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Live presented online due to COVID-19
Refunds will be honored if written notification is received at the Administrative Office up to 5 days prior to the date of the course. A processing fee of $25 will be deducted from the refund. If the total registration fee was less than $25, no refund will be granted. Transferring the registration to another individual is allowed up to 5 days prior to the program date. Transfers or cancellations within 5 days of the course will not be accepted. “No Shows” forfeit their fees. For more information regarding refund, cancellation and complaint policies, please contact our office at (804) 723-5888.
VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.
Complaint Resolution Policy
For more information regarding refund, cancellation and complaint policies, please contact VASEA Administrator, Heather Greenwell at firstname.lastname@example.org or call (804) 723-5888.
Virginia Society of Enrolled Agents is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.