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Tuesday, February 8, 2022 In-personBergen Chapter

Federal Tax/ Cannabis Update (E2202119)

7:30 AM - 11:30 AM EST

Registration: 7:00 AM EST

Knights of Columbus

40 Crest Street
Westwood , NJ 07675

4 CPE Credits in TX
New Location Changed to Knights of Columbus

OVERVIEW

Join us in-person for a federal tax update, foreign filing requirements for PFIC and CFC income and foreign asset disclosure. The cannabis industry presents unique challenges because it is such a new industry and federally illegal. Why are cannabis service different than other services offered by CPA firms?

DESIGNED FOR

All CPA's

HIGHLIGHTS

Federal Tax Update

  • Individuals with foreign filing requirements and PFIC income.
  • Individuals with foreign filing requirements and CFC income.
  • Foreign assets disclosures

Cannabis Update

  • Brief history of the industry
  • Firm considerations
  • Services provided by CPA firms
  • Accounting issues in the industry
  • The differences in business valuation in the cannabis industry

COURSE LEVEL

Intermediate

INSTRUCTORS

Parag Patel

Parag P. Patel, J.D., LL.M. (Tax)

Tax Attorney

Parag P. Patel, Esq.

Parag is a tax attorney with the Patel Law Offices in Iselin. His practice concentration is in tax, business transactions and estate planning. He is a board certified estate planning law specialist, a board certified elder law attorney, and a frequent speaker on legal issues affecting tax, offshore tax planning and estate planning. Parag was named a New Jersey Super Lawyer by New Jersey Magazine for tax and estate planning. He has also received an AV rating from the Martindale-Hubbell Peer Review Rating System, which is the highest professional rating possible among lawyers. He is the 2011/12 chairman of the Tax Law Committee of American Bar Association’s GP Solo and Small Firm Division. Parag also serves as a part-time municipal court judge for Edison Township. He is a member of the New Jersey State, New York State, Middlesex County and American Bar Associations.

Stacey Udell

Stacey D. Udell, CPA/ABV/CFF, CVA

Director of Valuation and Litigation Services

HBK CPAs & Consultants

Stacey is a director of Valuation and Litigation Services at HBK Valuation Group, which specializes in valuation, forensic accounting, economic damages and litigation support services. Her experience includes valuations of businesses and professional practices for purposes of estate and gift tax planning and compliance, divorce, business succession planning and mergers and acquisitions. Additionally, she has prepared damage study reports in connection with stockholder, insurance claims, and lost profits litigation, as well as reports in connection with bankruptcy proceedings utilized by the courts and trustees. Stacey also provides accounting and tax services for closely-held and family businesses including financial statement preparation, business and personal income tax planning and compliance, estate and business succession planning. She is a member of the AICPA, NJCPA, NACVA and New Jersey NACVA, and was previously the leader of the NJCPA Cannabis Interest Group.

PRICING

$50.00 - Member

$75.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

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