webinar register page

Webinar banner
IRS Audits: Mistakes to Avoid
Do you have an action plan if your business is selected for a federal audit? In the still-federally illegal cannabis industry, IRS generally involve tax code 280E and the Bank Secrecy Act (BSA) – and they are ramping up across the county. You don’t want to be faced with significant fines and legal penalties if you are not prepared. Nick Richards, Partner & Chair of the Cannabis Law Group at Greenspoon Marder, is a former IRS Attorney, will share actionable tips that will equip your business in the event of a federal audit. Whether you operate under a cannabis cultivation, dispensary or extraction license, you’ll come away with insights on:
• The history of 280E and BSA audits of cannabis companies—and where the industry stands today
• Lessons learned from current tax litigation involving U.S. cannabis businesses
• The tax implications of company formation (e.g., S Corporation, C Corporation, LLC)
• The importance of proper cash reporting for all major business transactions (Form 8300)
• The expertise you need on-hand during an audit
• How to interact with auditors during digital, phone and in-person communications
• What types of audit-related documentation should be easily accessible
• How to handle an audit proposal and reach a favorable settlement

Jun 14, 2022 01:00 PM in Eastern Time (US and Canada)

Webinar is over, you cannot register now. If you have any questions, please contact Webinar host: Conference Support.