IRS Code 280E

A critical focus of cannabis accounting training is IRS Code 280E, which prevents cannabis companies from deducting ordinary business expenses. Accountants must learn special strategies to navigate this complex tax burden.

In addition to understanding the legal framework, training also emphasizes strategic tax planning to minimize liabilities while remaining fully compliant. This includes identifying allowable deductions, structuring business operations effectively, and maintaining detailed documentation to protect against costly audits.