Marijuana Industry

PROGRAM CONTENT

This course provides continuing education to enhance understanding of issues related to the marijuana industry. Subject matter includes tax obligations, allowable deductions, cash transactions special reporting and payment options, and potential penalties for taxpayers in the marijuana industry.

CPE CREDIT HOURS

1 Credit Hour. One 50-minute period equals one CPE Credit Hour.

LEARNING OBJECTIVES

• Learning Objective A
  • Recognize tax filing obligations for a marijuana business.
• Learning Objective B
  • Identify deductions available for a marijuana business.
• Learning Objective C
  • Determine cash transactions requiring special reporting.
• Learning Objective D
  • Identify cash payment options for unbanked taxpayers.
• Learning Objective E
  • Determine potential penalties and penalty relief for a taxpayer in the marijuana industry.

RECOMMENDED PARTICIPANTS

Tax professionals who prepare individual income tax returns are encouraged to participate in this course.

PROGRAM LEVEL

Overview. This course provides a general overview of the subject area from a broad perspective. It is appropriate for tax professionals at all organization levels.

*All CE hours issued by The Tax Book