The Tax Man Cometh: Tips and Tricks for Lowering Your Bill
Cannabis businesses are known for paying exorbitant tax rates, and chances are you may be paying more than is necessary. To lower your bill, you’ll need to manage mistakes and have a better understanding of Section 280E of the IRS tax code.
In this session, you’ll get insights on:
- Strategies for structuring your business, recordkeeping and cost-accounting.
- How financial reporting is critical to minimizing the adverse impact of 280E.
- Different options for dealing with the IRS.