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  • Farm Taxation Update (FTR-GF)

Farm Taxation Update (FTR-GF)

  • 08/17/2017
  • 8:00 AM - 4:00 PM
  • Grand Forks Ramada Inn


(depends on selected options)

Base fee:

Registration is closed

This session will help practitioners recognize unique tax opportunities and pitfalls for taxpayers in the agriculture industry. Take advantage of this forum to discuss current issues affecting their farm and ranch clients. This seminar is presented by CPAs and agribusiness professionals active in public accounting.

Learning Objectives:

  • Apply key tax planning concepts to farm and ranch taxation (cash accounting methods unique to agriculture, issues of constructive receipt, deferred payments, and prepaid expenses)
  • Understand the planning opportunities related to the 3.8 percent net investment income tax for farmers and farm landlords
  • Understand the self-employment tax treatment for Conservation Reserve Program recipients
  • Recognize issues associated with reimbursement plans under the Affordable Care Act
  • Communicate the most up-to-date information on tax reform efforts

Topics Discussed:

  • Current developments in farm tax compliance and planning
  • Tax planning using Section 179, bonus depreciation and the tangible property regulations
  • LLC structuring for self-employment tax savings
  • Not covered: Farm Service Agency (FSA) rules and the U.S. Department of Agriculture (USDA) program limits

Designed For: Tax practitioners representing farmers and ranchers who need to be aware of new federal tax legislation, IRS guidance, and recent court decisions.

Level: Intermediate
Instructor: Chris Hesse
Developer: CliftonLarsonAllen
Area of Study: 8 taxes
Prerequisite: 2 years of experience with farm tax return preparation

North Dakota CPA Society
2701 South Columbia Road, Ste D
Grand Forks, ND 58201

Phone: (701) 775-7100 or (877) 637-2727
Email: mail@ndcpas.org

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