Do you want to stay logged in?

Message Board

Taxation of Marijuana after Prop 64

January 19, 2017 • David Franco • Log In to Post Comments

I am signed up for the "On Demand" webinar of this topic. I missed the live webinar on 1/17. My question is: Many California Cannabis businesses are structured as Mutual Benefit Corporations. These are "non-profit" Corporations, however, they are not 'tax-exempt.'

My question - Are most practioners filing these tax returns as regular 1120 returns (Fed), and basically following all the regular C Corp tax principles, with the exeption of the 280E adjustment?

Thanks for your thoughts on this compliance issue.

David


Comments

No comments posted yet.

×

Send To A Friend