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Ag producers income tax management program set for Dec. 1

Experts will provide federal income tax updates and tax management alternatives.

A tax management program will be offered to producers and tax preparers from 1 to 4 p.m. CT on Thursday, Dec. 1, via Zoom.

The program, sponsored by North Dakota State University Extension and the Internal Revenue Service, will feature presentations by Alan Gregerson, IRS; Russ Tweiten, Ag Country Farm Credit Services and Rob Holcomb, University of Minnesota Extension.

Experts will provide federal income tax updates and tax management alternatives.

Program topics include:

  • Federal income tax update
  • IRS update
  • Identity theft and breaches
  • Inflation Reduction Act
  • Tax management upon retirement
  • Net operating losses, like kind exchanges
  • Drought-forced livestock sales
  • Deferred crop sales
  • Reporting crop insurance payments
  • Sale of farm assets
  • Qualified business income deduction
  • Filing dates
  • Estate taxes

This program is only offered in a virtual format via Zoom. The cost for the program and materials is $10.

Preregistration is required at ndsu.ag/taxprogram.

For additional information or questions contact Paulann Haakenson at paulann.haakenson@ndsu.edu or 701-231-7393.


NDSU Agriculture Communication – Nov. 9, 2022

Source: Ron Haugen, 701-231-7133, ronald.haugen@ndsu.edu

Editor: Kelli Anderson, 701-231-6136, kelli.c.anderson@ndsu.edu

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