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Income Tax Issues For Agricultural Clients & Rural Landowners
Date

9/20/2017
Level

Update
Credits

8.0

Registration

7:45 AM
Course Begins

8:00 AM (MT)
Course Ends

3:45 PM (MT)

Member Fee

$305.00
Non-Member Fee

$405.00
Your Fee Today

N/A
Register
Calendar
Save this course as a Outlook Appointment or Google Event.
Type
Live Group Seminar
Discounts
Early Registration ($50.00 discount applies before 8/30/2017)
Vendor
McEowen, P.L.C.
Location
Boise [map], Micron Business & Economic Building
Speaker
Roger A. McEowen, J.D (Washburn University School of Law)
Designed For
  • Practitioners representing farmers and ranchers
Description

The seminar focuses on up-to-the-minute coverage of key legislative developments and complete coverage of recent cases and IRS rulings impacting agricultural clients. This course addresses the practical implications of frequently encountered tax issues for agricultural clients and rural landowners and often overlooked issues.

Highlights
  • Recent Developments in Ag Taxation. This session will address current developments of relevance.
  • Tax Planning Strategies for Farmers and Ranchers. This session will cover the relative pros and cons of various entity structures; corporate-provided meals and lodging; succession of ownership; commodity gifting; charitable remainder trusts; tax treatment of meals and lodging; self-employment tax and rental arrangements. C corp. accumulated earnings tax.
  • IRS Attack on Cash Accounting. The Agro-Jal Farms case on pre-paid expenses; repair regulations; the Wasco case on the capitalization of pre-productive period expenses; the Backemeyer case involving pre-paid expenses and death before the pre-paid inputs can be used.
  • Depreciation Strategies. The use of Sec. 179 and bonus. How does the de minimis safe harbor of the repair regulations factor in?
  • Financial Distress and Tax-Related Issues. Form 982 attributes; Insolvency; Bankruptcy tax issues; tax issues associated with the sale of farm assets.
  • Potpourri Topics: Deferring livestock and grain sales; hedging v. speculation; passive activities; the DPAD and ag; farm income averaging; miscellaneous.
Objectives

 

Prerequisites

  • None
Advanced Prep.

  • Download PDF manual (unless you purchased a printed version)
  • Test your electronic device for compatibility with the pdf manual
  • If making lodging arrangements with our partner hotel, the Riverside, call 208.331.4910 and ask for the  "Idaho Society of CPAs Corporate Rate" = $109
Additional Info.

  • Times listed are MST
  • Online registration closes 2 business days prior to seminar
  • You may opt to receive a printed copy of the manual for this seminar for an additional $20

  • Recommended Lodging:

    • Riverside Hotel
    • 2900 Chinden, Boise
    • Phone: 208.343.1871
    • Ask for "Idaho Society of CPAs Corporate Rate" = $109

  • This live group seminar will be offered as a webinar to those individuals OUTSIDE of the Treasure Valley - we need those inside the Treasure Valley to attend in person to ensure the seminar will be held

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