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Federal Taxation of Legal Marijuana (4173207B)

Date:Monday, December 11, 2017
Time:11:30AM - 3:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Technical Business
Instructor: George Koutelieris
Vendor:California CPA Education Foundation
Course Level:Update
Early Bird Price:$120.00 FICPA Members, $180.00 Non-Members


Focus on recent cases and IRS administrative guidance; decreasing taxable income of legal marijuana growers, processors and retailers; methods for allocating deductions when a marijuana business and another business is operated by the same entity; and what costs may be capitalized by type of operation (i.e., grower vs. processor vs. retailer). We'll also discuss which types of entities work best for cannabis businesses.

  • Recognize recent developments.
  • Identify useful tax planning ideas.

Major Topics:
  • IRS CCA 201504011: Is the IRS correct and what expenditures are includible as cost of goods sold under this CCA?
  • The 9th Circuit's recent Martin Olive decision.
  • Recent tax court cases.
  • Allocation of expenditures between two businesses (legal marijuana and other business operated by same entity).
  • Business entity choices.

Who Should Attend:

CPAs and CPA aspirants in public practice and tax staff in private practice.

Some knowledge of federal and state income taxes.

Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.