Farm Tax Update
Space is available, but online registration has closed. Please call 952-831-2707 to register.
Monday, August 19, 2019
Mankato Civic Center
1 Civic Center Plz
Mankato, MN 56001-8822
Map & directions
8.0 IRS CE approved
Taxes - Technical (8.0)
Standard member fee
Standard nonmember fee
to receive member fee.
At this in-depth course, learn how to handle the latest tax legislation, income and deduction items affecting your agriculture clients, including the impact of tax reform. Discuss current tax issues impacting farmers and ranchers as you learn from Paul Neiffer, a seasoned practitioner who works within the nuances of this specialized industry each day.
Who should take this program?
CPAs and tax practitioners representing farmers and ranchers
Planning opportunities related to the Tax Cuts and Jobs Act (TCJA)
In-depth discussion of the Section 199A qualified business income (QBI) deduction
Do farms need to restructure for maximum tax advantage?
How the new gross receipts limitations exempt farmers from other complex computations
Pass-through vs. C Corporation entity planning for operating enterprises
Bonus depreciation vs. the Section 179 alternative
How the meals and lodging fringe benefit affects entity planning
Key tax planning concepts for farm and ranch taxation -- cash accounting methods unique to agriculture, issues of constructive receipt, deferred payments, prepaid expenses and more
Tax reform provisions that remain unknown and require more IRS guidance
Apply key tax planning concepts to farm and ranch taxation
Recognize key tax planning opportunities embedded in tax reform for farm and ranch clients
Describe the computational results of Section 199A, the deduction for qualified business income
Differentiate key points in entity structure planning for clients when evaluating the C Corporation alternative to pass-through taxation
Recall tax updates from court cases, revenue rulings and other authorities applicable to agriculture
NASBA ID#: 139884
Two or more years of experience with farm tax return preparation recommended.