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State & Local Regulation

Regulations imposed by state agencies and local governments requires a detailed and daily compliance plan managed and maintained by experienced professionals that is backed up with diligent and accurate record keeping. Learn how we can help maintain compliance to avoid license suspension and penalties.

Banking Challenges

Many banks remain reluctant to do business with businesses in the cannabis industry and as it is with any cash-based business, the IRS scrutinizes the amount of gross receipts to report and it is harder to prove to the IRS expenses paid in cash. Learn how we can help set up the proper facilities and procedures to maintain an adequate system to overcome these challenges.

Federal Prosecution

Despite legalization by a growing number of states, the cultivation, distribution and sale of cannabis at the Federal level is an unlawful activity that could lead to criminal prosecution. Learn how we can help limit this exposure and position your business with the lowest risk possible.

Tax Challenges

Despite a growing number of States legalizing cannabis, the Internal Revenue Code still taxes cannabis businesses differently that without the proper planning could result in paying at least three times as much in taxes as a non-cannabis business. Learn how we can help reduce your taxes.

Why Use a Cannabis Tax Attorney?

The legal and tax challenges to operate a successful cannabis business are enormous – one wrong mistake may result in serious consequences.

High Stakes Cannabis Tax Planning & Defense.

The Law Offices Of Jeffrey B. Kahn, P.C. is a full service cannabis law firm representing our clients in high stakes cannabis business and tax issues.

As the legalized cannabis industry continues to develop, early entrepreneurs face uncertain federal enforcement and everchanging local and state regulations.  California along with a growing number of other states may well be a cannabis-friendly state but it still remains a Schedule 1 narcotic under Federal law. Despite the risk of criminal prosecution at the Federal level, cannabis businesses are still obligated to pay federal income tax on income because the Internal Revenue Code does not differentiate between income derived from legal sources and income derived from illegal sources. Unlike typical businesses, a cannabis business faces unique state taxes, complex tax audits and limited deductions under Internal Revenue Code §280E. These challenges face cannabis producers, distributors and sellers as well as ancillary providers such as property owners, equipment providers, investors and insurers.

How can we help?

  • Cannabis Applications
  • Regulatory Compliance
  • Investment Transactions & Contracts
  • Business Law
  • Tax Planning & Representation
  • Tax Litigation & Criminal Tax Defense
  • Entity Structuring & Inter-company Agreements
  • Accounting Systems & Record-keeping
  • Cash Management Support Services

Get compliant. Stay in business.

We follow the trends and new developments impacting the cannabis industry and defend our clients from legal action, investigations and examinations by government authorities so we know what to advise our clients to minimize their risk and exposure.

Being proactive with effective tax planning and proper operating procedures is the best way to avoid mistakes that could result in higher taxes, exorbitant fines and penalties, suspension of your license – or even your freedom.

Local connection. Comprehensive cannabis focused expertise.

From our firm’s headquarters in Irvine, California with offices in Southern and Northern California we can help you deal with local, state and federal authorities regarding legal structure and transactions, tax compliance and planning, accounting systems and cash management to minimize your taxes and conduct business in a manner that avoids prosecution by the Federal authorities and meets State & Local laws and regulations to ensure your cannabis business remains operational. Let us provide you with creative and cost-effective legal counsel to cannabis businesses and develop compliance solutions and effective legal defense.  Protect your business and livelihood, and minimize your taxes. Don’t delay call us today!

 

Cannabis / Marijuana Tax News

California Resident Taxpayers Have Extended Period Of Time To File And Pay In 2023.

Cannabis Tax Attorney -
The IRS and Franchise Tax Board (“FTB”) may grant individuals and businesses additional time to file or pay when...

How To Know When You May Be A Target In An IRS Criminal Investigation

Cannabis Tax Attorney -
A simple mistake, oversight, or your accountant’s malpractice may trigger an IRS criminal investigation. Specifically, unreported income, mismatch of...

IRS providing tax relief for victims of severe Florida storms

Cannabis Tax Attorney -
The IRS announced on May 2, 2023 that April 12 to 14 Storm victims in parts of Florida now have...

If You Can’t Beat Them, Join Them – Delaware Legalizes Adult-Use Cannabis!

Cannabis Tax Attorney -
If You Can’t Beat Them, Join Them – Delaware Legalizes Adult-Use Cannabis! On April 21, 2023, Delaware Governor John Carney...

IRS providing tax relief for victims of severe Indiana storms

Cannabis Tax Attorney -
The IRS announced on April 18, 2023 that March 31/April 1 Storm victims in parts of Indiana now have until...

IRS providing tax relief for victims of severe Tennessee storms

Cannabis Tax Attorney -
The IRS announced on April 10, 2023 that March 31 Storm victims in parts of Tennessee now have until July...
MORE ARTICLES

Request A Case Evaluation Or Tax Resolution Development Plan

Get a Tax Resolution Development Plan from us first before you attempt to deal with the IRS. There are several options for you to meet or connect with Board Certified Tax Attorney Jeffrey B. Kahn. Jeff will review your situation and go over your options and best strategy to resolve your tax problems. This is more than a mere consultation. You will get the strategy or plan to move forward to resolve your tax problems! Jeff’s office can set up a date and time that is convenient for you. By the end of your Tax Resolution Development Plan Session, if you desire to hire us to implement the strategy or plan, Jeff would quote you our fees and apply in full the session fee paid for the Tax Resolution Development Plan Session.

    Types Of Initial Sessions:

    Most Popular GoToMeeting Virtual Tax Development Resolution Plan Session
    Maximum Duration: 60 minutes - Session
    Fee: $350.00 (Credited if hired*)
    Requires a computer, laptop, tablet or mobile device compatible with GoToMeeting. Please allow up to a 10-minute window following the appointment time for us to start the meeting. How secure is GoToMeeting? Your sessions are completely private and secure. All of GoToMeetings solutions feature end-to-end Secure Sockets Layer (SSL) and 128-bit Advanced Encryption Standard (AES) encryption. No unencrypted information is ever stored on our system.

    Face Time or Standard Telephone Tax Development Resolution Plan Session
    Maximum Duration: 60 minutes - Session
    Fee: $350.00 (Credited if hired*)
    Face Time requires an Apple device. Please allow up to a 10-minute window following the appointment time for us to get in contact with you. If you are located outside the U.S. please call us at the appointed time.

    Standard Fee Face-To-Face Tax Development Resolution Plan Session
    Maximum Duration: 60 minutes - Session
    Fee: $600.00 (Credited if hired*)
    Session is held at any of our offices or any other location you designate such as your financial adviser’s office or your accountant’s office, your place of business or your residence.

    Jeff’s office can take your credit card information to charge the session fee which secures your session.

    * The session fee is non-refundable and any allotted duration of time unused is not refunded; however, the full session fee will be applied as a credit toward future service if you choose to engage our firm.

    YES - I WANT THE SESSION WITH JEFF.

    Office Locations

    EAST BAY
    WALNUT CREEK OFFICE

    1255 Treat Boulevard, Suite 300
    Walnut Creek, CA 94597
    Telephone: 925.979.9929

    SAN FRANCISCO OFFICE

    One Market Street, Suite 3600
    San Francisco, CA 94105
    Telephone: 415.543.4434

    SILICON VALLEY
    SAN JOSE OFFICE

    2033 Gateway Place, Suite 500
    San Jose, CA 95110
    Telephone: 408.573.7377

    ORANGE COUNTY
    IRVINE OFFICE

    1900 Main Street, Suite 600
    Irvine, CA 92614
    Telephone: 949.724.0007

    SOUTH LOS ANGELES
    LONG BEACH OFFICE

    111 West Ocean Blvd., Suite 400
    Long Beach, CA 90802
    Telephone: 310.215.9800

    EAST LOS ANGELES
    ONTARIO OFFICE

    3200 East Guasti Road, Suite 100
    Ontario, CA 91761
    Telephone: 909.418.6800

    SAN DIEGO COUNTY
    CARLSBAD OFFICE

    701 Palomar Airport Road, Suite 300
    Carlsbad, CA 92011
    Telephone: 619.237.0405

    CONTACT US

    Tel: 866-494-6829
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