Learning Objectives: By attending this online seminar, you will be able to:
- Discuss how to claim excess fertility deductions on farmland.
- Explain how farm tax clients should treat research and development expenses and credits.
- Apply §179 and bonus depreciation rules to client situations.
- Identify TCJA provisions that are expiring soon.
- Summarize how land sales could be impacted by net investment income tax and those that are excluded
- Explain how Climate-Smart payments should be treated.
- Discuss disaster relief rules and how they apply to farm tax clients.
- Compute estimated tax payment options for farmers.
- Recognize the importance and application of significant case law and rulings related to agricultural taxation.
Materials: All attendees of this online seminar will receive accompanying written materials, including presentation slides, digitally in their Tax School account. The seminar will be recorded and will be available in your online Tax School account for playback within two weeks of the seminar.
Delivery Method: Group Internet-Based
Field of Study: Taxes (NASBA), Federal Tax (IRS)
Prerequisite(s): Experience as a tax professional preparing farm tax returns and an understanding of tax rules and regulations associated with preparing farm tax returns.