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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.