Code Sec. 280E; what can be deducted on your tax return?
When: 12/15/2018 5:00pm - 5:20pm
Most consider IRC Section 280E tax code to be arcane, outdated and difficult to navigate, and yet, you still need to be prepared when tax returns are filed.
Mitigating the 280E Tax Law is no simple task. Cannabis companies are paying 70-90% effective income tax rate due to lack of information or lack of knowledge about the tax saving strategies that are available!
Bryan McDonald, CPA, will guide the audience in navigating the complex world of IRC Sec 280E, IRC Code Sec 471, Research and Development tax credits and Cost Segregation deductions to help minimize federal and state income taxes and surcharges.