BobH Posted July 11, 2016 Report Share Posted July 11, 2016 I would like to hear from anyone who is providing services to legal marijuana businesses, for the purpose of exchanging information. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted July 11, 2016 Report Share Posted July 11, 2016 I will not do it until the Fed's legalize the product. I will not take on the risk. There are more adventurous preparers out there who might, but not me. I am not making a moral judgment, I am just not going to risk my license for a trade that has unsettled legal implications. Tom Newark, CA 6 Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted July 11, 2016 Report Share Posted July 11, 2016 Bob, look into attending one of the seminars presented by John Sheeley, EA on this topic, his website Tax Practice Pro., Inc. Lynn 1 Quote Link to comment Share on other sites More sharing options...
Possi Posted July 12, 2016 Report Share Posted July 12, 2016 ohgeeez... I don't remember.... I'm just so hungry... something about bartering... got any snacks? 8 Quote Link to comment Share on other sites More sharing options...
David1980 Posted July 12, 2016 Report Share Posted July 12, 2016 You have to be careful with the word "legal" - yes, legal at the state level. However section 280E still applies. I've been approached but never prepared a return for a marijuana business. It seems once I explain 280E they don't want me to do their return. I can't know, but I'd bet most of them shop around for someone who is unaware or willing to ignore 280E. Also see memorandum 201504011. 4 Quote Link to comment Share on other sites More sharing options...
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