Section on Taxation: Update on Cannabis Tax Compliance, Structuring, and Examination Issues

This roundtable will discuss recent experiences with cannabis tax compliance issues, IRS examinations, and practical advice for structuring cannabis operations in light of Section 280E. The panelists will cover common mistakes and red flags for IRS audits, recently resolved issues relating to operational costs and entity structuring, and issues currently being litigated in various courts around the country.

Presented by: Section on Taxation

Registration is Closed

About the Presenters

Jennifer Benda, Shareholder, Hall Estill 

Jennifer Benda is a former CPA and tax attorney who focuses on tax controversy matters. Jennifer has spent the last six years advising and defending cannabis businesses, including representing industry associations Marijuana Industry Group and Cannabis Trade Federation Action in submission of an amicus brief to the Ninth Circuit in Patients Mutual Assistance Collective Corporation, dba Harborside Health Center v. Commissioner. Jennifer earned a B.B.A. & M.S. (Accounting) at Texas A&M University and J.D., with honors, at George Washington University Law School.  Jennifer has received the following honors: ranked by Chambers USA-Nationwide Cannabis Law: Corporate/Transactional practice & Tax Law (Colorado); Fellow: American College of Tax Counsel; National Law Journal Cannabis Law Trailblazer (2018); 5280 magazine top cannabis lawyer (2021).

James Mann, Owner, The Law Office of James B. Mann 

James Mann has broad-based business tax experience which provides the foundation for his current focus on cannabis tax. He helps his clients with tax planning to minimize current tax liability (restructuring, tax accounting, revising intercompany agreements, transfer pricing) as well as representing them before the IRS and in court. James has a JD from the Harvard Law School, an MBA in accounting and finance from Columbia University, and a BA from the Cornell University College of Arts and Sciences.

Registration & Attendance Information 

Registration for this event will close Wednesday, September 29 at 12 PM ET.

Registration Fees

• FBA Members & Nonmembers: Complimentary Registration

Ground Rules

1. Statements made by government employees are made in their personal capacity and may not be relied upon as an authorized statement of any government agency.
2. No recording devices allowed.
3. FBA Tax Section membership is not required to participate, but you are encouraged to visit https://www.fedbar.org/membership/for information on becoming a member.

Interested in Speaking? If you are interested in leading a future monthly call, please contact cfederico@crowell.com or brandon.king@bakermckenzie.com.