The December Edition of Farm Office Live will be a special edition focused on tax issues. This webinar will be held on December 6th from 10am to noon.
Are you a farmer or farmland owner wanting to learn more about the recent income tax law changes and proposals? If so, join OSU Extension Educators Barry Ward, Jeff Lewis, Robert Moore and David Marrison as they discuss issues related to farmer and farmland owner tax returns, tax planning in a low income/drought year, CAUV and property tax, the Residual Fertility Deduction and other income tax issues that may affect farmers and farmland owners for the 2024 tax season and beyond.
This two-hour program will be presented in a live webinar format via Zoom. Individuals who operate farms, own property, or are involved with renting farmland are encouraged to participate.
Register for this free webinar at https://go.osu.edu/farmofficelive
This Farmer and Farmland Owner Tax Webinar will focus on a number of tax issues listed here:
- Farm Economy and Tax Planning
- Tax Planning in Low Income/Drought Years
- Beneficial Ownership Information (BOI) Reporting
- Pending Sunset of Larger Estate Tax Exclusion Amount (Unified Credit)
- Residual Fertility/Fertilizer Deduction
- Clean Fuel Production Credit (I.R.C. § 45Z)
- Current Ag Use Valuation (CAUV) Changes in 2024
- IRC § 45Q – Credit for Carbon Oxide Sequestration
- Farm Loan Immediate Relief Under Inflation Reduction Act: Income Tax Options Triggered by Corrected 1099s
- Taxability of USDA Discrimination Financial Assistance Awards
- Pending Expiration (Sunsetting) of other Tax Cuts and Jobs Act (TCJA) Provisions
Presenters include: Barry Ward, David Marrison, Jeff Lewis and Robert Moore.
