Description
Gain a better understanding of the unique tax issues associated with agriculture.
Agricultural producers and landowners have unique tax issues and rules that apply to them. This topic focuses on numerous key aspects of agricultural taxation and provides you with tools designed to better represent your agricultural clients. Unique depreciation techniques, deferred sales of agricultural products, and selfemployment tax issues abound in agriculture and are just some of the issues addressed. Insight into current IRS audit issues and compliance target areas of importance to farm and ranch returns is also provided. Learn the detailed rules and how to take advantage of them for your agricultural clients.
Date: 2023-01-04 Start Time: 1:00 PM ET End Time: 2:40 PM ET
Learning Objectives
* You will be able to describe the unique tax issues and rules that apply to agricultural producers and landowners.
* You will be able to review recent court rulings impacting farmers and ranchers.
* You will be able to discuss weatherrelated sales of livestock and the tax reporting rules.
* You will be able to explain captive insurance and related tax issues.