Description
Agricultural attorneys, tax professionals, and advisors face a tall task: helping clients succeed in the midst of constant change and pressure. This seminar will equip practitioners with updates on the latest legal and tax developments. Come join us as we explore key issues all agricultural advisors must understand to guide clients in 2024 and beyond.
All attendees will receive a PDF copy of the 2024 Agricultural Tax Issues Workbook, which will include more than 200 pages of detailed information.
The class sessions will include plenty of time for questions and discussion.
Designed For
Objectives
- This one-day showcase event will review key tax law impacting agricultural producers & ranchers.
- CPAs, agribusiness professionals, attorneys, enrolled agents, tax practitioners, and others interested in income tax and estate/business planning issues impacting farmers, ranchers, and rural landowners need to join us!
- Recognize the key planning opportunities impacting farm, ranch and agricultural taxation.
Highlights
In this one-day course, Kristine will provide a review of current tax issues impacting agricultural producers, ranchers, and landowners. Each participant will receive a copy of the 2024 Agricultural Tax Issues Workbook, which includes the following chapters. The course will cover as many chapter as time allows.
- Hot Topics in Agriculture
- This chapter reviews several timely topics impacting agricultural businesses, including new guidance on employee v. independent contractor status, farm trade or business determinations, timber tax issues, and farming S corporation considerations.
- Legislative and Regulatory Update
- Information Return Requirements for Farmers
- Tax Schemes Targeting the Farm
- Tax Issues Arising at the Death of a Farmer
- Livestock Tax Issues
- Material Participation Rules for Farmers
- Form 4797 Considerations
- Depreciation and Expensing Review
- Sample Return
Advanced Prep
- Download PDF manual - view your upcoming events in "My CPE" on website
- Test your computer/device for compatibility with virtual meeting space well in advance of your webinar
If you need this reported to the IRS for CE credit, email CPE@idcpa.org
Register Now
Leaders
Kristine Tidgren
Kristine is an adjunct assistant professor in the Agricultural Education & Studies Department and the director for the Center for Agricultural Law and Taxation. Kristine's work focuses on studying and interpreting laws impacting the agricultural industry. In particular, she focuses on agricultural taxation. Since joining CALT in 2013, Kristine has written hundreds of articles and blogposts to keep tax professionals, practicing attorneys, producers, and agribusiness professionals informed about legal developments impacting their business. She also writes technical chapters for the National Income Tax Workbook and regular articles for farm publications. In addition to her writing, Kristine speaks to many professionals and producers each year regarding tax and agricultural law topics. She also plans and provides instruction for CALT-hosted seminars, including the annual federal income tax schools. Kristine teaches AgEds 451, a four-credit agricultural law class to upper-level undergraduate students in the College of Agriculture and Life Sciences. She also regularly collaborates with other agricultural law and tax professionals throughout the country, including those from the Rural Tax Education Committee, the American Agricultural Law Association, and the Land Grant University Tax Education Foundation. Kristine is licensed to practice law in Iowa and Missouri and is a member of the Iowa Bar Association. Before coming to ISU, Kristine worked for a legal publishing company and as a practicing attorney. She received her J.D., Order of the Coif, from the University of Texas at Austin and her B.A. in journalism from Iowa State. She grew up on a farm in West Central Iowa. Area of Expertise: Center for Agricultural Law and Taxation Estate planning and intergenerational transfer Beginning farmer programs Agricultural law and income tax management