A tax management program will be offered to ag producers and tax preparers from 1 to 4 p.m. CT on Monday, Dec. 2, via Zoom.

The program, sponsored by North Dakota State University Extension, will be moderated by Ron Haugen, NDSU Extension farm management specialist. The program will feature presentations by Alan Gregerson, Internal Revenue Service; Russ Tweiten, Ag Country Farm Credit Services; Rob Holcomb, University of Minnesota Extension and JC Hobbs, Oklahoma State University Extension.

This program provides an excellent opportunity for agricultural producers and tax preparers to learn and ask questions about tax management alternatives while there is still time to implement year-end tax management decisions, says Haugen.

Program topics include:

• Federal income tax update
• Lease and easement income reporting
• IRS update
• Identity theft and breaches
• Tax management upon retirement
• Depreciation, like-kind exchanges
• Disaster provisions and reporting
• Qualified business income
• Tax planning

Preregistration is required by Tuesday, Nov. 26. The cost for the virtual program and materials is $20. To register, visit ndsu.ag/taxmanagement.

When registering, an email address is required to be able to attend the meeting, along with a connection to Zoom to participate. Registered attendees will receive the Zoom link and materials link by email on Wednesday, November 27. All participants will have the opportunity to ask questions via the chat box.

All program materials will be posted for downloading prior to the meeting. Continuing education credits will not be offered.

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

NDSU Agriculture Communication – Nov. 13, 2024

Source: Ron Haugen, 701-231-8103, ronald.haugen@ndsu.edu

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