by: David Marrison, OSU Extension Educator
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 12, 2011 from 8:30 a.m. to 3:00 p.m. in nine 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 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: self-employment tax and social security benefits, like-kind exchanges, farm income averaging, fertilizer or nutrient acquired with land, prepaid farm expenses, farm related income reported on Form 4797, taxation of agricultural labor, specialty agriculture taxation issues, and form 1099 requirements for farmers.
The locations for the 2011 Agricultural Issues Workshops are:
Caldwell, Ohio at the OSU Extension South Central Region Office
Chillicothe, Ohio at the OSU Extension Ross County Office
Columbus, Ohio at the OSU Fawcett Center
Greenville, Ohio at the OSU Extension Darke County Office
Jefferson, Ohio at the OSU Extension Ashtabula County Office
Ottawa, Ohio at the OSU Extension Putnam County Office
Upper Sandusky, Ohio at First Citizens National Bank
Urbana, Ohio at the OSU Extension Champaign County Office
Wooster, Ohio at OARDC Fisher Auditorium
The Agricultural Tax Issues program has been accepted for continuing education credits by the Accountancy Board of Ohio, and the IRS Office of Professional Responsibility. The registration fee for this workshop is $125 per person and includes agricultural tax workbook, lunch and refreshments. Reservations are requested by December 2, 2011.
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.