Better Serve Your Clients
The 2019 Nebraska Agricultural Tax and Management Symposium will be hosted on Thursday, October 10 at the Hothus Convention Center at 3130 Holen Ave. in York, Nebraska.
The symposium will:
- Help practitioners recognize unique opportunities and pitfalls impacting taxpayers in the agriculture industry
- Offer real world interpretations of recent federal tax law changes as they apply to farm and ranch clients
- Highlight estate tax changes, individual tax changes and business tax changes in the Tax Cuts and Jobs Act
Topics to be covered this year include:
- Discounted sales and leases
- Current H2A labor issues
- Taxation of contract feeding arrangements
- Form 4797 issues
- Form 4562 depreciation and expensing issues
- Industrial hemp considerations
- Gov. Pete Ricketts signed a bill that will clear the way for farmers to plant hemp as an alternative crop.
- The Nebraska Hemp Farming Act (LB657 recognizes the plant as a viable agricultural crop and align state law with federal law — industrial hemp was legalized
in the 2018 farm bill — regarding its cultivation, handling, marketing and processing. It would open up new commercial markets for farmers and businesses through sale of its products.
- Timber tax issues
- Proposed 199A Cooperative Regulations
- 199A and farm rentals
- Conservation easements
- Tax planning for farmers
- Disaster-related tax issues
- Farming C corporations electing S corporation status
- Getting out of the farming business
- Allocating purchase price to depreciable items
- Case study and forms update
Earn Continuing Education Hours
By attending the symposium, you can earn up to seven hours of continuing education hours, depending on your licensing board. This symposium is approved for IRS (EA & PTNS), CPA, Attorneys (MCLE), General Accountants and Tax Return Preparers. A certificate of attendance will be emailed out to each attendee.
Program Level: Overview
Learning Objectives: By attending this seminar, participants will be able to:
• Explore unique opportunities and pitfalls impacting taxpayers in the agriculture industry.
• Implement real world interpretations of recent federal tax law changes as they apply to farm and ranch clients
• Recognize general rules for C to S corporation conversions and review them in the context of a detailed example.
• Identify how to properly account for and report payments due to prevented planting, MFP and disaster provisions.
• Review the importance and application of significant case law and rulings related to agricultural taxation.
Audience: Tax practitioners
Materials: All attendees will receive the 2019 Agricultural Issues Tax Book by Landgrant
Delivery Method: Group-Live