by: Barry Ward, Director, OSU Income Tax Schools & Julie Strawser, OSU Income Tax Schools
Tax practitioners, farmers and farmland owners are encouraged to connect to the Agricultural and Natural Resources Income Tax Issues Webinar (via Zoom) on Dec. 18 from 8:45 a.m. to 3:30 p.m. The event is sponsored by Ohio State University Income Tax Schools and Purdue University Income Tax Schools.
The webinar focuses on issues specific to farm tax returns related to agriculture and natural resources and will highlight timely topics and new regulations related to COVID-related legislation.
The program is an intermediate-level course for tax preparers whose clients include farmers and rural landowners. Farmers who prepare and file their own taxes will also benefit from the webinar.
Topics to be addressed and discussed during the Ag Tax Issues webinar include:
COVID-19 RELIEF FOR AGRICULTURAL BUSINESSES
TIMELY TAX ISSUES IMPACTING AGRICULTURAL PRODUCERS
QBI ISSUES FOR FARMERS AND LANDOWNERS
RETIREMENT AND SOCIAL SECURITY CONSIDERATIONS FOR FARMERS
FORM 4797, SALE OF BUSINESS PROPERTY
LIKE-KIND EXCHANGE ISSUES IMPACTING FARMERS
GETTING OUT OF THE BUSINESS OF FARMING
CURRENT UNICAP RULES FOR ORCHARDS AND VINEYARDS
TAX ISSUES ARISING UPON THE DEATH OF A FARMER
The cost for the one-day school is $150, and applications have been made for the following continuing education credits:
- Accountancy Board of Ohio, CPAs (6 hours)
- Office of Professional Responsibility, IRS (6 hours)
- Supreme Court of Ohio, Attorneys (5.25 hours)
Registration includes the Agricultural Tax Issues Workbook. The deadline to register is Dec. 8 to ensure participants will receive the workbook in the mail before the workshop. The live webinar will also feature options for interaction and the ability to ask questions about the presented material.
More information on the workshop, including how to register, can be found at go.osu.edu/agissues2020