by Barry Ward, OSU Extension, Director, OSU Income Tax Schools
Tax practitioners, farmers, land owners are encouraged to attend the Ag and Natural Resources Income Tax Issues Webinar on December 18 from 9:00 a.m. to 3:00 p.m. The event is sponsored by Ohio State University Extension and participants can attend the webinar at host locations throughout Ohio.
The webinar, which will focus on issues specific to farm tax returns related to agriculture and natural resources, will offer insight into topics such as net operating losses and buying and selling farmland.
The six-hour program will be presented in a live webinar format. Tax preparers, as well as individuals who file their own farm taxes are invited to attend.
The program is an intermediate-level course and our target audience is tax preparers whose clients include farmers and rural landowners. Farmers who prepare and file their own taxes will also benefit from the webinar.
Topics to be discussed during the webinar include:
- Agricultural Income and Expenses
- Net Operating Losses
- Transfer of Farm Assets
- Buying and Selling Farmland
- Rental Property
- Farm Employees
- Self-Employment Tax and Social Security Benefits
The cost for the one-day school is $130, and applications have been made for the following continuing education credits:
- Accountancy Board of Ohio, CPAs (6 hours)
- Office of Professional Responsibility, IRS (6 hours)
- Supreme Court of Ohio, Attorneys (5 hours)
Registration includes the Agricultural Tax Issues book. The deadline to register is Dec. 11 to make sure participants will receive the workbook in the mail before the workshop. The live webinar, which will also feature a real-time Q-and-A, can be viewed at several host locations statewide and will include lunch.
Participants also have the option to view the webinar from home if unable to attend a host location.
For those who choose not to attend at a host location, a web address for the webinar will be sent if registered a week in advance of the Dec. 18 presentation. However, all participants must be registered by Dec. 11 if they want to be sure they receive the workbook before the webinar.
Host locations include:
Auglaize County, OSU Extension Office, 208 S. Blackhoof St., Wapakoneta
Clermont County, OSU Extension Office, 1000 Locust St., Owensville
Fairfield County, OSU Extension Office, 831 College Ave., Lancaster
Miami County, OSU Extension Office, 201 W. Main St., Old Courthouse, Troy
Noble County, OSU Extension South Central Region Office, 16714 Wolf Run Road, Caldwell
Putnam County, OSU Extension Office, 1206 E. Second St., Ottawa
Wayne County, Fisher Auditorium, 1680 Madison Ave., Wooster
Wyandot County, Elks Lodge, 320 E. Wyandot Ave., Upper Sandusky
More information on the workshop, including how to register, can be found at go.osu.edu/AgIssuesReg. For more information contact Barry Ward at 614-688-3959 or ward.8@osu.edu