Agriculture & Natural Resources Tax Issues Webinar

COLUMBUS, Ohio – The College of Food, Agricultural, and Environmental Sciences at The Ohio State University will offer a daylong webinar Dec. 19 on the special issues with farm tax returns for farmers, farm representatives and rural landowners.

The webinar, which will focus on issues specific to farm tax returns related to agriculture and natural resources, will offer insight into topics such as Conservation Reserve Program payments, said Barry Ward, production business management leader for Ohio State University Extension. OSU Extension is the statewide outreach arm of the college.

The six-hour program, which will be presented in a live webinar format, is open to tax preparers as well as individuals who file their own farm taxes, Ward said.

The program is an intermediate-level course, he said.

“The target audiences for the webinar are tax preparers whose clients include farmers and rural landowners,” Ward said. “Farmers who prepare and file their own taxes will also benefit from the webinar.”

Other topics to be discussed during the webinar include:

  • Hoop Buildings and Depreciation
  • Conservation Reserve Program Payments
  • New Legislation
  • 4-H Club and FFA Projects
  • Multiple Entities
  • Commodity Credit Corporation (CCC) Loan with Commodity Sale Reported on Form 1099-PATR

The cost for the one-day school is $130, and organizers have applied for continuing education credits for the course, Ward said. 

Those credits include:

  • Accountancy Board of Ohio, CPAs (6 hours)
  • Office of Professional Responsibility, IRS (6 hours)
  • Supreme Court of Ohio, Attorneys (5 hours)

Registration includes the Agricultural Tax Issues book. The deadline to register is Dec. 6 to make sure participants will receive the workbook in the mail before the workshop. The live webinar, which will also feature a real-time Q-and-A, can be viewed at several host locations statewide and will include lunch.

Participants also have the option to view the webinar from home if unable to attend a host location, Ward said.

For those who choose not to attend at a host location, a web address for the webinar will be sent if registered a week in advance of the Dec. 19 presentation. However, all participants must be registered by Dec. 6 if they want to be sure they receive the workbook before the webinar, he said.

Host locations include:

Ashtabula County
OSU Extension Office
39 Wall St., Jefferson

Auglaize County
OSU Extension Office
208 S. Blackhoof St., Wapakoneta

Clermont County
OSU Extension Office
1000 Locust St., Owensville

Clinton County
OSU Extension Office          
111 S. Nelson Ave., Suite 2, Wilmington

Cuyahoga County
OSU Extension Office          
5320 Stanard Ave., Cleveland

Fairfield County
OSU Extension Office
831 College Ave., Lancaster

Miami County
OSU Extension Office
201 W. Main St., Old Courthouse, Troy

Noble County
OSU Extension South Central Region Office
16714 Wolf Run Road, Caldwell

Putnam County
OSU Extension Office
1206 E. Second St., Ottawa

Wayne County
Fisher Auditorium
1680 Madison Ave., Wooster

Wyandot County
Elks Lodge
320 E. Wyandot Ave., Upper Sandusky

More information on the workshop, including how to register, can be found at go.osu.edu/AgIssuesReg. Participants may contact Ward at 614-688-3959 or ward.8@osu.edu for more information.

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Writer(s):

Tracy Turner
614-688-1067
turner.490@osu.edu

Source(s):

Barry Ward
614-688-3959
ward.8@osu.edu