Farm & Ranch Conference - VIRTUAL
Webcast Only
8.00 Credits
Member Price $300.00
Price will increase by $50 after 7/24
Non-Member Price $350.00
Price will increase by $50 after 7/24
Overview
The agriculture industry's unique tax rules are closely linked to specialized income and tax deduction opportunities. Learn more about them at this virtual event, where you'll hear from farm tax expert Roger McEowen. Discover how to apply key tax planning concepts unique to agribusiness and gain guidance on how to maximize tax benefits for your farm clients.
All materials will be electronic only - available in your portal account - up to 5 days before the event.
Highlights
Various ways to reduce self-employment tax * Excess fertility deduction for land purchase – both in current and prior years * Inflation Reduction Act, SECURE 2.0 and other Acts * Tax developments, court cases and rulings affecting farmers and ranchers * Examples pertinent to small and mid-sized farm operations * Crop insurance deferrals * Deferred payment contracts * Commodity wages and gifts * Basis issues at death
Prerequisites
None
Designed For
CPAs and tax professionals with farm or ranch clients
Objectives
After attending this presentation you will be able to . . .
*Apply key tax planning concepts to farm and ranch taxation*Excess fertility deduction – It might be more than the excess
*Understand how the Soroban Capital Tax Court Case might affect SE taxation of LLCs
*Recall tax updates from court cases, revenue rulings and other authorities applicable to agriculture
*How to use a split-interest arrangement to reduce C corporation accumulated earnings
*Learn what SECURE 2.0 changes will occur in 2024 and how farmers might save on taxes
*Update on new Farm Bill (if passed by time of course) and how it affects your farmers
*Review of final GREET update from IRS for Section 45Z tax credits
*A refresher on the Corporate Transparency Act
*Is a voluntary ERC payback applicable for your farm client
*Planning for life after bonus depreciation
*Estate and gift tax planning and review for farmers facing the 2026 estate tax cliff
*Using a charitable remainder trust or cash balance plan for retiring farmers
Preparation
None
Leader(s):
Leader Bios
Roger McEowen, McEowen PLC
Roger A. McEowen is the Professor of Agricultural Law and Taxation at Washburn University School of Law in Topeka, Kansas. Through 2015, he was the Leonard Dolezal Professor in Agricultural Law at Iowa State University in Ames, Iowa, where he was also the Director of the ISU Center for Agricultural Law and Taxation (CALT), which he founded. Before joining Iowa State in 2004, he was an associate professor of agricultural law and extension specialist in agricultural law and policy at Kansas State. From 1991-1993, McEowen was in the full-time practice of law with Kelley, Scritsmier and Byrne in North Platte, Nebraska. McEowen also teaches an undergraduate course in agricultural law at Kansas State University.
He has published scholarly articles in numerous law reviews/journals and various professional trade publications. He is the author of Principles of Agricultural Law, an 850-page textbook/casebook that is updated twice annually, and a second 300-page book on agricultural law. His Agricultural Law and Taxation Blog, part of the Law Professor Blogs Network, contains approximately 130 detailed and fully annotated articles annually and is the most widely read agricultural law and taxation blog online. In mid-2017, Prof. McEowen’s new book, Agricultural Law in a Nutshell, was published by West Academic Publishing Co. McEowen also authors the monthly publication, “Kansas Farm and Estate Law.” In addition, he co-authors Bureau of National Affairs (BNA) Tax Management Portfolios on the federal estate tax family-owned business deduction and the reporting of farm income and is the lead author of a BNA portfolio concerning the income taxation of cooperatives. He is also the Editor of the Iowa Bar Tax Manual, and is also the editor of Estate Planning for Farmers and Ranchers and Family Business Organizations, both Thomson/West publications.
Prof. McEowen conducts approximately 80-100 seminars annually across the United States for farmers, agricultural business professionals, lawyers, and other tax professionals. He also conducts two radio programs each airing twice monthly heard across the Midwest and on the worldwide web. In addition, his two-minute radio program, “The Agricultural Law and Tax Report,” is heard each weekday by over 2 million listeners on farm radio stations from NY to CA as well as SiriusXM 147. He also can be seen as a weekly guest on RFD-TV where he discusses various agricultural law and tax topics with the RFD-TV hosts.
He is a member of the Iowa and Kansas Bar Associations and is admitted to practice in Nebraska.
Non-Member Price $350.00
Member Price $300.00