Farm Taxation Update (In-Person)  (FTU-SF)

8.00 CPE Credit Hours

Notice: This course is also being offered via live simulcast. Register for the online attendance here.

LODGING – The Society has a contracted room rate of $167 available. Attendees can make a reservation online using this direct link or call ClubHouse Hotel & Suites (605-361-8700) and mention SD CPA Society: Continuing Education.

The agriculture industry operates under unique tax rules, offering specialized income opportunities and deductions that require expert navigation. Learn critical insights into the latest tax law changes -- including the One Big Beautiful Bill (OBBB), court rulings and IRS guidance impacting farmers and ranchers. Gain actionable tax planning strategies designed to help your farm clients maximize deductions, optimize payment options and navigate evolving regulations with confidence.

At our live event in Sioux Falls and streaming online, we’ll delve into these nuances, guided by farm tax expert Paul Neiffer, CPA, renowned for his insights shared on the FarmCPAReport blog.

CPAs and tax professionals with farm or ranch clients.

• NOTE: The topics listed below are subject to change if significant income tax laws are passed before the seminar. Should that occur, the seminar will primarily focus on how these new laws impact farmers
• Apply core tax planning strategies specific to farm and ranch operation
• Recall recent tax developments, including court cases, rulings and other guidance affecting agriculture
• Understand the implications of rearranging land holders by related parties
• Analyze current developments regarding excess fertility deductions
• Review final SECURE Act guidance and new provisions under SECURE 2.0
• Evaluate Farm Service Agency rules and strategies to help clients optimize payments
• Explore Section 45Z Clean Fuel Production Credit and its application to farms
• Refresh knowledge on farm-specific issues such as income deferral, deductions and other key topics
  

• Federal income tax law changes and their effects on agriculture, including One Big Beautiful Bill (OBBB) 
• Strategies for handling land spread across multiple entities and ownership 
• Inflation Reduction Act planning considerations, including how REAP grants and solar credits interact 
• SECURE 2.0 Act implications 
• Impacts of recent court cases and IRS rulings on farmers and ranchers 
• Estate planning for farmers including the benefit of SWAP powers in Grantor Trusts 
• Section 1245 Real Property Tax Deferred Exchanges
• Real-world examples relevant to small and mid-sized farm operations