Tax practitioners with an interest in farm income taxes will have an opportunity to attend a one day farm tax workshop scheduled for Monday, December 13, 2010 from 8:30 a.m. to 3:00 p.m. in eight locations across Ohio. This workshop will be taught by Dr. Phil Harris, Professor of Agricultural Economics, University of Wisconsin via tele-conference.
This program has been designed for tax practitioners who have a significant number of farm clients and therefore need a substantial amount of information on agricultural tax issues. Participants will hear an audiotape of a live lecture given by Phil Harris, supplemented with a showing of the slide presentation Dr. Harris used during his lecture. Dr. Harris will be available for questions during two conference calls during the day, and OSU faculty will be in the meeting rooms to answer questions. Registrants will receive a valuable 236 page supplemental book.
Some of the topics at these workshops include: new legislation and its affect on agricultural businesses, depreciation and Section 179 expensing, wind turbines and wind farms, deduction issues, weather related sales, payment of agricultural wages with commodities, energy incentives, contract and custom farming, gifts of commodities, sale versus lease of equipment by retiring farms, and farm income averaging.
The locations for the 2010 Agricultural Issues Workshops are:
Caldwell, Ohio OSU Extension South Central Region Office
Columbus, Ohio OSU Campus- Room 105Agr Adm Bldg
Greenville, Ohio OSU Extension Darke County Office
Jefferson, Ohio OSU Extension Ashtabula County Office
Ottawa, Ohio OSU Extension Putnam County Office
Upper Sandusky, Ohio First Citizens National Bank
Urbana, Ohio OSU Extension Champaign County Office
Wooster, Ohio OSU Extension (Thorne Hall) at Wooster
The Agricultural Tax Issues program has been accepted for continuing education credits by the Accountancy Board of Ohio, IRS Director of Practice and the Ohio Supreme Court Commission on Continuing Legal Education. The registration fee for this workshop is $125 per person and includes agricultural tax workbook, lunch and refreshments.
Complete workshop information and on-line registration are available at the OSU Income Tax Schools’ website located at: http://incometaxschools.osu.edu , or can be obtained by contacting Warren Lee at (614) 292-6308 or lee.69@osu.edu The Agricultural Tax Issues Workshop is sponsored by the Ohio State University Department of Agricultural, Environmental and Development Economics and Ohio State University Extension.