PDT-BusTX-02 - Agricultural Tax Seminar

Course Description

The seminar will review the fundamentals that tax preparers should be aware of when serving agricultural tax clients. Common agricultural business activities, situations that involve non-farm income, and considerations of filing agricultural taxes under legal business structures will be covered.

This is intended for tax preparers and other business consulting specialists who want to improve their ability to serve farmers in preparing farm tax returns and offering business advice. 

Learning Objectives

1. Understand 'what’s a farm' and 'who’s a farmer' for IRS income tax reporting. 
2. Become familiar with common farm business issues to address when filing farm tax returns.
3. Being able to differentiate between farm and non-farm business activities and implications for reporting.
4. Become aware of issues to consider when forming and preparing tax returns for a farm operating through a legal business structure other than a sole proprietorship.

IRS Program Code: RR9HG-T-00057-24-O

UNH Professional Development will offer UNH CEUs and IRS CE credits upon completion of this program. Attendees may request a comprehensive certificate and additional documentation if looking to self-submit for other professional associations’ CEU/CE credits.