Farm Tax Update Part 1: Developments and Planning (Webinar)  (FTU1-WEB)

4.00 CPE Credit Hours

The agriculture industry is ripe with unique tax planning opportunities and bound by specialized tax rules. Hear from farm tax expert Paul Neiffer, CPA -- a principal at CliftonLarsonAllen and author of the Farm CPA Today blog -- at this virtual event. Discover how the latest tax legislation, including pandemic-related developments, affect agribusiness and tax planning strategies.

CPAs and tax professionals with farm or ranch clients

• Recall tax updates from court cases, revenue rulings and other authorities applicable to agriculture
• Differentiate real property from personal property in Section 1031 exchanges
• Recognize key tax planning opportunities for farm and ranch clients, especially considering pandemic tax law changes
  
  

• Tax reform, CARES Act and subsequent pandemic legislation provisions -- impact, planning opportunities, what's still unknown and what requires more IRS guidance
• Tax proposals of the newly elected Congress
• How fringe benefits and a 21% federal tax rate vs. pass-through taxation affects entity planning for farmers
• How and why the Tax Cuts and Jobs Act reduces the number of farmers qualifying for the March 1 exception from the payment of estimated tax
• Other relevant tax developments, court cases and rulings affecting farmers and ranchers
• Examples pertinent to small and mid-sized farm operations
  
  

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