Ashlee Crouch

Polston Tax Resolution and Accounting
Attorney at Law & Tax Strategist

Session Title: Into the Weeds: Cannabis Case Law

Time: April 4th, 12:30 – 1:30 PM
Location: Seminar Room #1

Professional Summary

Ashlee was born in Clinton, Oklahoma, and raised in Elk City, Oklahoma. She graduated from the University of Oklahoma with a Bachelor of Arts in Letters and continued her education to obtain her Juris Doctorate from the University of Oklahoma College of Law. Following law school, Ashlee founded the law firm Stewart & Crouch where she devoted most of her practice to arguing aggressively for her clients with pressing family law matters and representing disabled veterans before the Department of Veterans Affairs. Ashlee has also served as Assistant City Attorney for the City of Tulsa. With a greater understanding of the difficulties clients face in resolving legal matters before any government entity, Ashlee joined Polston Tax to assist their diverse client base in navigating the confusing and intimidating arena of tax law. Ashlee takes pride in utilizing a realistic approach to resolving clients' tax problems and focuses on coming up with solutions that align with each individual client's goals. Ashlee has been through a rigorous training and certification process to identify and implement advanced tax reduction strategies and is very passionate about saving her clients money when possible!

Ashlee has been admitted to practice in Oklahoma and South Carolina state courts, United States Tax Court, and the United States District Court for the Western District of Oklahoma. She is also accredited to represent claimants before the Board of Veterans Appeals. Ashlee enjoys being actively involved in her neighborhood and in the Tulsa community. She currently serves as the Tulsa County Bar Association Tax Section Chair and is a local Cannabis Accounting expert.

Session Abstract

Is your cannabis business paying significantly more in taxes than your competitors? Are you worried about being audited? In a highly engaging presentation, Ashlee addresses:

  • Tips on how to structure your business correctly and avoid facing serious tax penalties.
  • Insight on being audited by the IRS and what to avoid.
  • Navigating Section 280E and Cost of Goods Sold.
  • How to avoid improper layout of facility and poor bookkeeping.
  • Tax Court Ruling in Alterman v. Commissioner - This case was about a business in Colorado that grew and sold marijuana products when they were audited by the IRS and had the amount of taxes they owed increased by almost HALF A MILLION DOLLARS! The owners of the business tried to preserve some of the deductions the IRS had disallowed by arguing in Tax Court that their business sold non-marijuana merchandise along with their marijuana products. They argued the sale of pipes, papers and other items constituted a second business separate from the marijuana business and was not subject to Section 280E. This argument was denied by Tax Court because the non-marijuana sales only accounted for 4% of the income.