Date: November 18th, 2026

Time: 2pm ET | 1pm CT | 12pm MT | 11am PT

Duration: 300 minutes

Description:

Cannabis businesses operate in one of the most complex and high-risk areas of federal tax compliance. IRC Section 280E can sharply limit deductions and credits for businesses engaged in the trafficking of controlled substances, creating substantial tax exposure, cash-flow pressure, and audit risk for operators and their advisers.

This timely course gives tax professionals the practical tools needed to advise cannabis clients with greater confidence. You will examine how Section 280E applies in real-world cannabis operations, identify compliance vulnerabilities before they become audit issues, and learn how to approach IRS examinations strategically.

The session also reviews a current court case affecting the cannabis industry and explains why its outcome may matter to practitioners advising cannabis businesses. You will leave with a clearer understanding of the tax issues, documentation practices, and advisory considerations needed to help clients operate more defensibly in a rapidly evolving regulatory environment.

Topics Covered:

• IRC Section 280E and its impact on cannabis businesses.
• Cannabis industry taxation and federal tax compliance.
• Expense allocation, cost of goods sold, and documentation challenges.
• IRS audits and examination risks for cannabis taxpayers.
• Current cannabis tax court case and its potential implications.
• Practical tax-adviser strategies for serving cannabis clients.
• Building audit-ready compliance processes for cannabis operators.

 Learning Objectives:

• Explain how IRC Section 280E affects federal tax deductions, credits, and effective tax rates for cannabis businesses.
• Identify the compliance risks cannabis operators face, including expense allocation, recordkeeping, reporting, and documentation requirements.
• Recognize the IRS audit issues most likely to arise for cannabis businesses and understand how to prepare clients before an examination begins.
• Assess the potential impact of a current court case involving the cannabis industry and determine what practitioners should monitor going forward.
• Develop practical advisory strategies to help cannabis clients reduce compliance risk, defend expense positions, and prepare for tax and audit complexities.

Credits and Other information:

• Recommended CPE credit – 5.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 120 minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker :

Elan Becker, EA

Elan Becker is an Enrolled Agent admitted to practice before the IRS and the founder of Enrolled Agent Concierge, a boutique tax advisory firm recognized for responsive, white-glove service and practical, client-focused tax solutions.

With more than a decade of experience across accounting, auditing, operations, and taxation, Elan advises entrepreneurs, business owners, and high-net-worth individuals on tax planning, compliance, and IRS resolution. His work focuses on translating complex tax rules into clear, actionable strategies that help clients make informed decisions and achieve better tax outcomes.