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Event

Why is the IRS Targeting Cannabis Businesses with 280E Audits? What Cannabis Operators Need to Know to Prepare

THURSDAY, JULY 14, 2022
12:00-1:00 P.M. MT

Navigating an audit with the IRS is all about preparation and proactivity. For cannabis businesses, the challenges and complexities are increased due to Section 280E of the Internal Revenue Code. This informative webinar will cover:  

  • What you need to know about 280E
  • What we know about why there’s been an uptick of IRS audits and compliance audits targeting cannabis companies
  • What cannabis businesses can do to avoid an audit 
  • Overview of the audit process and timeframe needed
  • A step-by-step roadmap for cannabis businesses if you receive an IRS audit notification
PRESENTERS

RACHEL GILLETTE | Cannabis Industry Group Leader and Partner at Holland & Hart
From years of interacting with regulators and taxing authorities Rachel knows how state and local provisions will be applied in practice and what clients can anticipate at every step of the licensing process and beyond. She vigorously protects clients’ interests in tax audits and deficiency assessments at the state and local level, as well as IRC §280E adjustments.

CALVIN SHANNON CPA, CVA | President of Bridge West CPAs & Advisors
Calvin is a prominent cannabis industry accounting, tax, and finance specialist with more than 25 years of experience. With a deep understanding of the challenges cannabis clients face, Calvin is skilled at working with operators to develop and implement innovative solutions. Bridge West serves more than 600 cannabis operators nationwide and has specialized in the cannabis industry since 2009.

WEBINAR INFORMATION

A webinar link will be provided in the confirmation email. 

Questions? Contact Nancy Damato at nancy@accountantsadvisory.com or 845.265.9046.

Webinar Presented by Bridge West CPAs & Advisors and Holland & Hart LLP

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