NEBRASKA AGRICULTURAL TAX AND MANAGEMENT SYMPOSIUM

NEBRASKA AGRICULTURAL TAX AND MANAGEMENT SYMPOSIUM Banner
EXPLORE TAX CHANGES AFFECTING FARMS AND RANCHES

The past year brought new tax laws and a changed economy. Between new opportunities and recent changes in tax, there are many pressing tax issues facing the farmer, rancher and their advisors. Topics include farm/business succession planning, tax reform, basis assets, farm/business structures and foreign reporting.

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Thursday, October 10, 2019
9 a.m.-4:45 p.m.
Check in/Continental Breakfast 8 a.m.
Holthus Convention Center, 3130 Holen Ave., York, NE 68467 | 402-363-2675

Registration

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.

CEU Information

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

Registration Information

Registration includes:
  • CEU, CLE and MCLE continuing education hours
  • 2019 Agricultural Issues Tax Book from the Land Grant University Tax Education Foundation
  • Continental breakfast and catered lunch

Registration: $249

Registration

Meet Our Instructors
Tina Barrett, EA
Tina BarrettTina Barrett serves as the program manager in the Department of Agricultural Economics at the University of Nebraska-Lincoln where she is engaged in teaching, research and other agriculture actives both on and off-campus. Barrett also serves as the executive director of Nebraska Farm Business, Inc. in Lincoln, Nebraska. Having grown up on a family farm, she understands the unique issues facing farm families and works with clients all across the state helping to manage and solve their financial issues. Barrett is recognized as one of the most respected speakers throughout the Midwest. She is an honest and straight-forward speaker who believes “that options exist” and provides tools to improve agricultural economics and businesses.


Guido van der Hoeven, EA
Guido van der HoevenGuido van der Hoeven serves as the chief editor of the Land Grant Agriculture book published yearly by the Land Grant University Tax Education Foundation. He recently retired from the Department of Agricultural and Resource Economics at North Carolina State University where he provided resources and program leadership in the areas of taxation, intergenerational transfers, estate planning, and farm management. Prior to his retirement, he was the director of the University of North Carolina Income Tax Schools. He has testified before the United States Congress Committee on Agriculture, where he addressed the impact of Tax Code changes on the agriculture industry. van der Hoeven has spoken internationally, and as a speaker, he places a premium on clarity and precision – with an occasional dash of humor.


Contact

Tax Institute
taxinstitute@unl.edu
P.O. Box 880467
Lincoln, NE 68588-0467
402-472-4333