Farmer and Farmland Owner Webinar

Get ready for tax season!

Are you getting the most from your tax return? Consider attending OSU Extension’s Farmer and Farmland Owner Income Tax Webinar. This two-hour event will address tax issues specific to this industry. Content focuses on important tax issues and will offer insight into new COVID-related legislation.

The date is December 3 from 6:30 to 8:30 p.m. If you are not able to attend the live webinar, all registered participants will receive a link to view the recorded webinar at a time of their convenience. This link will be available through the tax filing season.

The cost for the webinar is $35. To get more details and to register, go to https://go.osu.edu/farmertax2020.

 

OSU Extension Greene County and the Farm Office Team invite you to the 2020 Farmer and Farmland Owner Income Tax Webinar

Thursday, December 3

6:30 – 8:30 p.m.

Cost: $35.00

Details and registration: https://go.osu.edu/farmertax2020

Topics to be discussed include:

  • Tax Planning in an Unusual Year – Income Issues (CFAP & other government payments, prevent plant indemnity payments, revenue crop insurance indemnity payments)
  • 1099-MISC & 1099-NEC
  • Depreciation Issues
  • Farm Lease Income and Self-Employment Tax
  • Like Kind Exchanges (farm machinery and equipment no longer are eligible for this provision – this is a significant change), how this change may affect state income tax, your Social Security credits and eventual payments
  • Tax Issues Related to COVID-related Legislation (tax credits, PPP loans, EIDL loans etc.)
  • Qualified Business Income Deduction, Sales to Cooperatives, Lease Income

Leave a Reply

Your email address will not be published. Required fields are marked *