Taxation of Marijuana Sales | 4183274A

Date :
September 24, 2018 8:30 AM - 12:00 PM
Location :
San Francisco Peninsula
Facility :
CalCPA Conference Room C - Burlingame
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Level of Difficulty :
Update
Member Price :
140.00
Nonmember Price :
188.00
CPE Credits :
CPE 4.00, MCLE 3.00, CTEC-CA 4.00
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Dive deep to understand how the sale of marijuana is taxed for federal and state purposes. Learn how to advise a client in this business on choice of entity issues. 

Plus, review cost allocation tax provisions and understand how they apply to the sale of marijuana. Attendees will become familiar with the new California excise taxes imposed on retail sales and cultivation of marijuana at both the state and local levels.

If you're curious about what licensing requirements must be met by your client or are curious about how to navigate the ethical (both state and federal) issues that might apply to practitioners who advice clients in this business, register today.

Formerly titledTaxation of Marijuana Sales - Prop 64

Materials are provided as an ebook for this course.

Objectives:

  • Determine how to advise clients who are considering getting into the sale of marijuana.
  • Identify the federal and state income and sales tax laws that apply to this business.
  • Recognize the licensing requirements that apply to your clients.
  • Determine how to handle the ethical issues involved in advising a client engaged in an illegal business (for federal purposes).

Major Subjects:

  • Taxation of marijuana sales (income and sales tax)
  • Determining choice of entity for your client.
  • Understanding licensing requirements.
  • Be familiar with ethical issues.

Advanced Prep:

None.

Misc. Information:

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Level of Difficulty:
Update
Field of Interest:
Taxes
Prerequisites:

None.

Designed For:

CPAs, attorneys, tax professionals and industry executives.

Instructors

Kathleen K Wright, CPA
Kathleen K. Wright, CPA, Esq., has been practicing in the field of tax for over 40 years. She has worked in public accounting, private industry as a financial controller, and now has her own practice which specializes in client representation and expert witness assignments. She is also the director of the State and Local Tax Program at Golden Gate University, where she is a full-time professor. Wright is one of three co-authors of the CCH Expert Treatise on State and Local Tax - State Taxation of Income and Other Business Taxes. She also publishes a monthly column in State Tax Notes published by Tax Analysts. She holds a juris doctor degree, a master’s degree in business administration (in taxation), and a master of laws degree (in taxation).

Materials:

  • Materials - Hardcopy Textbook
  • Materials - ebook