Farm Tax Update Webcast

The agriculture industry's unique tax rules are closely linked to specialized income and tax deduction opportunities. Learn more about them at this virtual event, where you'll hear from farm tax expert Paul Neiffer, CPA, author of the FarmCPAReport blog. Discover how to apply key tax planning concepts unique to agribusiness and gain guidance on how to maximize tax benefits for your farm clients.
Highlights
▪ Apply key tax planning concepts to farm and ranch taxation ▪ Understand how to structure LLCs to reduce self-employment taxes ▪ Determine entities excluded from complex accounting method provisions, including overall accrual method and UNICAP ▪ Recall tax updates from court cases, revenue rulings and other authorities applicable to agriculture ▪ How to use S corporations to reduce taxes on transfer of assets to the next generation ▪ Recognize key tax planning opportunities for farm and ranch clients, especially considering pandemic tax law changes ▪ Learn how the Farm Service Agency calculates adjusted gross income and why it is important to your farm clients