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OnDemand Course

Rules and Developments in Agriculture Taxation

Do you have agriculture industry clients? Gain a better understanding of the unique tax issues associated with agriculture.

Agricultural producers and landowners have unique tax issues and rules that apply to them. This topic focuses on numerous key aspects of agricultural taxation and provides you with tools designed to better represent your agricultural clients. Unique depreciation techniques, deferred sales of ag products and self-employment tax issues abound in agriculture and are just some of the issues addressed. Insight into current IRS audit issues and compliance target areas of importance to farm and ranch returns is also provided. Learn the detailed rules and how to take advantage of them for your ag clients.

Learning Objectives

  • You will be able to differentiate between the changes in the tax rates and tax brackets due to the Tax Cuts and Jobs Act (TCJA) of 2017.
  • You will be able to identify the changes in deductions in the Tax Cuts and Jobs Act impacting the Agricultural industry.
  • You will be able to identify accounting methods beneficial to the farming industry.
  • You will be able to identify the impact the Tax Cuts and Jobs Act has on Agricultural taxation of grain gifting.

Runtime: 102 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Significant New Cases and Rulings

Domestic Production Deduction and Ag

Pre-Paying Expenses and Cash Accounting

Corporate-Provided Meals and Lodging

Gifting of Grain and Paying Ag Wages In-Kind

CRP Self-Employment Tax Update

Deferred Livestock and Grain Sales

Final Repair Regulations - Update

Taxation of Crop Insurance Benefits

Tax Issues Associated With Financial Distress

Passive Activity Rules

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on February 13, 2019.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Roger A. McEowen

Roger A. McEowen

Washburn University School of Law

  • Kansas Farm Bureau professor of agricultural law and taxation, Washburn University School of Law
  • Wrote Principles of Agricultural Law, a law school/undergraduate textbook on agricultural law that is updated twice annually
  • Wrote or co-wrote two BNA Tax Management Portfolios involving various aspects of agricultural taxation
  • Conducts on average of 80-100 seminars annually
  • The website for the Washburn Agricultural Law and Tax Report is the most widely accessed website involving agricultural tax and legal issues - http://washburnlaw.edu/waltr
  • Featured weekly on RFD-TV and Rural Satellite Radio
  • Can be contacted at [email protected] or on Twitter® @Washburn.Waltr
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 405727
Published 2019
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