Master Cannabis C Corporation Tax Preparation – Step by Step
Learn how to confidently prepare a cannabis C Corporation's Form 1120 from start to finish. This comprehensive course is designed to guide you through the entire process of preparing a cannabis cultivator’s Form 1120. Every detail is covered, leaving no room for uncertainty.
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What You'll Get:
By the end of this course, you'll be equipped with the expertise to confidently prepare accurate, compliant tax returns for cannabis C Corporations. Join us and take your cannabis tax preparation skills to the next level!
Step-by-Step Instruction
Follow along as we prepare a real-world example of a cultivator’s Form 1120, covering every line, schedule, and calculation.
Comprehensive Coverage
Gain an in-depth understanding of the complexities unique to cannabis C Corporations, including cost allocation, overhead, COGS, and navigating IRC §280E.
Hands-On Learning
Engage with detailed walkthroughs and practical examples that make the process easy to follow and apply in your own practice.
Meet Damon: A Leading Expert in Cannabis Taxation
Damon is a seasoned tax professional with extensive experience in cannabis taxation. Since cannabis legalization in his home state of Oregon, he has been at the forefront of the industry, preparing cannabis tax returns and representing clients with precision and expertise.
Over the years, Damon has successfully represented cannabis businesses before the IRS, the Oregon Department of Revenue, the California Franchise Tax Board, and countless Oregon Employment Department audits. These hands-on experiences have provided him with a unique, insider’s perspective on how various agencies interpret and enforce critical tax codes such as IRC §280E, §471-3, and §471-11.
Currently, Damon personally oversees nearly 100 cannabis clients, including growers, dispensaries, extractors, wholesalers, laboratories, and other cannabis-related businesses. His expertise spans multiple states, with clients bringing him to Colorado, Hawaii, California, Oklahoma, and Michigan to address their unique tax and compliance needs.
Damon’s in-depth understanding of cannabis taxation and regulatory complexities allows him to provide unparalleled insights and solutions to his clients. Now, he’s excited to share his wealth of knowledge and experience, helping others navigate this unique and evolving industry with confidence.
Patrick Jones - Course author
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