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Agricultural Issues & Rural Investments

Thursday, December 14, 2023 / 2-4pm or
Friday, December 15, 2023 / 10am-12pm

Stay up-to-date on the latest agricultural taxation issues in this upcoming webinar.

Tax planning for farm taxpayers is a job that never ends. Agricultural tax law has always been complex, and the need to understand their unique tax needs is more important than ever.

This 100-minute webinar covers a wide variety of topics to equip you with top-flight information to provide the best possible service to your farm clients. Topics covered include:

  • The ins and outs of deducting residual soil fertility
  • The use of buy-sell agreements to assist in transitioning a farm from one owner to the next
  • How to properly utilize charitable remainder annuity trusts (CRATs) in charitable giving
  • Understanding the reporting of estate income taxes and the various income-generating items for an estate
  • Types of easements and what they mean for farmers
  • Deductions for farm-related research and experimentation and the research and development credit
  • Implications of recent agriculture-related rulings and cases

Fall Tax School attendees will receive FREE access to this webinar. A coupon and registration instructions will be emailed at the end of Fall Tax School.

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Webinar Instructor: Bob Rhea

Bob Rhea, EA has been associated with the Tax School since 2005 as an instructor and as a reviewer for the University of Illinois Federal Tax Workbook. Since 1984, he has assisted farmers with accounting, tax, and consulting services in west-central Illinois through the University of Illinois FBFM program, and was named CEO in June 2020. Bob completed 18 years as the national executive director for his professional organization, NAFBAS. He serves as trustee for John Wood Community College, was selected as the inaugural Distinguished Alumnus, and is a board member for United Community Bank. Bob received his bachelor’s degree from Western IL University and Master’s degree from the University of Illinois. Bob resides in Camp Point; family includes his wife, Debbie, 3 children, Tracy, Casey, and Ashley, their spouses, and 7 grandsons.

Technology Preparation for Webinar

Please test your computer system before the online event. Our Help page contains step-by-step instructions for how to test your system in advance and how to enter the online event on the scheduled day. Set yourself up for success.