Farmer Tax Webinar 2024

Are you a farmer or farmland owner wanting to learn more about the recent tax law issues? If so, join us for this webinar on Friday, December 6th, 2024, from 10am to noon. This webinar is a part of our Farm Office Live Series and serves as our Farm Office Live! Webinar for December. To register for this webinar, go to: https://go.osu.edu/register4fol

This webinar will focus on issues related to farmer and farmland owner income tax returns, the latest news on CAUV and property taxes in Ohio, and another reminder regarding changes to the Ohio Commercial Activity Tax (CAT). OSU Extension Educators Barry Ward, David Marrison, and Jeff Lewis will present this two-hour program in a live webinar format via Zoom. Individuals who operate farms, own property, or are involved with renting farmland should participate.

Topics to be discussed during this webinar include (subject to change based on tax law change):

  • Economic Outlook
  • Tax Planning for a Lower-Income Environment
  • Depreciation Update
  • Employee vs. Independent Contractor
  • Corporate Transparency Act/Beneficial Owners Information Reporting
  • 1099-K Changes
  • Basis Allocation Land Acquisition – Allocating Basis to Residual Fertility for Future Deductions
  • Defining Farm Income to Avoid Paying Estimated Tax
  • Keeping an Eye Forward on Tax Cuts and Jobs Act Provisions Sunsetting After 2025 Tax Year
  • Keeping an Eye Forward on Estate/Gift Tax Limitation
  • Ohio Tax Update (CAUV/Property Tax Update, CAT Changes, Beginning Farmer Tax Credit)

To register: https://go.osu.edu/register4fol

 

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