Explore federal and state taxation of marijuana and examine major legislation
and case law. Compare taxation in Pennsylvania with California and Colorado,
where marijuana has been legalized for many years. Examine federal cases
regarding the income taxation of legalized marijuana businesses. Discuss
constitutional challenges to Section 280E of the Internal Revenue Code, which
prohibits all deductions (other than cost of goods sold) for legalized marijuana
businesses. Review federal tax planning for legalized marijuana
businesses, including opportunities related to capitalization and
depreciation.
Highlights
Understand the taxation of marijuana in Pennsylvania.
Compare the taxation of marijuana in California and Colorado to
Pennsylvania.
Describe the major developments regarding constitutional challenges to the
legality of Code Section 280E.
Analyze federal tax planning opportunities for marijuana
businesses.
Registration
PICPA Member: $74 Nonmember: $99
More Information
Course No.
786300
Level:
Update
Prerequisites:
None
Speaker(s)
Jonathan Grossberg
Founder and Owner
Grossberg Continuing Education
Jonathan D. Grossberg, Esq., J.D., LL.M. (Taxation)
is Founder and Owner, Grossberg Continuing Education; Assistant Editor, National
Income Tax Workbook published by the Land Grant University Tax Education
Foundation, Inc.; Adjunct Professor of Law, Temple University Beasley School of
Law; and Adjunct Professor of Business Law at Rowan University Rohrer College of
Business. He is a licensed attorney in Pennsylvania and New York.
Until August 2020, he was Assistant Professor of Taxation at Robert Morris
University (RMU) School of Business in Moon Township, PA. Jonathan has
taught a wide variety of tax courses to undergraduate, graduate, and law
students, including federal income taxation, taxation of business entities,
advanced income taxation, tax research, corporate tax, and international
tax. Before entering academia, Jonathan clerked for Judge Gale of the U.S.
Tax Court and practiced tax law at Drinker Biddle & Reath LLP in
Philadelphia and Milbank, Tweed, Hadley & McCloy LLP in New York.
Jonathan has written articles for academic and practitioner publications and
made CLE/CPE presentations to lawyers and accountants on a variety of topics
including international tax, tax and business ethics, judicial doctrines in tax
law, partnership tax, tax issues facing small businesses, and universal basic
income.