Webinar (WA): WSCPA Farm Tax Conference

Description

Get up-to-speed on critical ag issues at the WSCPA Farm Tax Conference. This year’s virtual conference will help you recognize unique tax opportunities and pitfalls for taxpayers in the agricultural industry. Learn about the income and deduction items unique to agribusiness producers as well as recent tax developments affecting agribusiness.
Join us as Paul Neiffer shares his wealth of agribusiness knowledge, including: an in-depth look at the deduction for qualified business income under Section 199A, and how farms may restructure for the maximum advantage; a rundown of the tax reform and CARES Act provisions that remain unknown and that will require guidance from the IRS; a forward-looking discussion of the current Congress’s tax proposals; and much more.
Join other tax professionals for this specialized forum to discuss current issues affecting farm and ranch clients. Register today!

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)
  • Recognize key tax planning opportunities for farm and ranch clients considering pandemic tax law changes
  • Differentiate key points in entity structure planning for clients when evaluating the C corporation alternative to pass-through taxation add-on
  • Recall tax updates from court cases, revenue rulings, and other authorities applicable to agriculture
Major Topics
  • An in-depth discussion of the deduction for qualified business income under Section 199A, and how farms may restructure for the maximum advantage
  • Learn how the new gross receipts limitations exempt farmers from other complex computations
    Analysis of pass-through versus C corporation entity planning for operating enterprises
  • Evaluation of bonus depreciation versus the Section 179 alternative
  • Understand how the meals and lodging fringe benefits affect the entity planning analysis
  • Hear about tax reform and CARES Act provisions that remain unknown and that will require guidance from the IRS
  • Discuss tax proposals of the new Congress post-2020
Provider
Washington Society Of CPAs
Course Level
Update
CPE Field of Study
Tax
8
Who Should Attend

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

Instructor(s)
Paul Neiffer
Prerequisites

2 years of experience with farm tax return preparation.

Advanced Preparation

None

Location
Webinar
Event Information
When
Aug 12, 2021
8:30 am - 4:30 pm MDT
Location
Webinar
Total CPE Credits
8
Format
Webinar

MEMBER


$ (% off)
$259.00

NON-MEMBER


$ (% off)
$359.00
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Webinar (WA): WSCPA Farm Tax Conference


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