Monthly Dinner Meeting –May 19, 2016
"Will this business go up in smoke?" Accounting and Tax Issues in the Marijuana Arena
Speaker: Ruth A. Rowlette, Esq., EA
Dante Club of Sacramento
2330 Fair Oaks Boulevard
Sacramento, CA 95825
Medical marijuana has been quasi-legal in California for approximately 10 years. It became "legal" in the state as of January 1, 2016 and there are various ballot measures pending to legalize the drug for recreational use. However, it remains a Class III drug at the Federal level, in the same classification as heroin and cocaine. This dual treatment between the Federal and the State law presents a conflict for the Enrolled Agent, who is licensed by the Federal Government to prepare income tax returns for any client, even one who engages in an illegal business. In this class Mrs. Rowlette will cover the following…
· How medical marijuana is treated for tax purposes in California
· How it will be regulated in years to come
· The impact of legal and recreational marijuana sale and use and,
· Possible Federal treatment of taxes in this quickly evolving area
Ruth A. Rowlette, Esq, EA is a long-time member of both CSEA at the state and Sacramento Valley Chapter level and NAEA. She has taught NTPI on bankruptcy, ethics and Tax Court matters and at our local chapter on ethics, bankruptcy and assorted subjects.
This program qualifies for 2 hours of Federal Tax
IRS Program # WZA09-T-01659-16-I
CTEC Program # 1001-CE-8074
Register at https://www.123signup.com/event?id=pnvhn
Board Meeting begins at 4:45pm
Dinner begins at 6:00pm
Education 7:00pm to 9:00pm
Members/Non-Members who RSVP by May 16th- $35/$40
Members/Non-Members who RSVP after May 16th- $40/$45
**NEW ** Members/Non-Members who register at the door - $50/$55
* Any unpaid reservations not canceled on or before May 16th will be billed.
PLEASE REMEMBER TO BRING YOUR PTIN NUMBER FOR THE CE CERTS!!