Tax Planning for Farmers Webinar

George Patrick, Purdue University Extension Economist, and David Frette, CPA from Washington, IN with a large agricultural clientele, will present a tax planning webinar for farmers on Tuesday, December 6 from 9:00 a.m. to 11 a.m.  There is no charge for the program.  Individuals can participate “live” via the internet on your computer with high-speed access (DSL or faster) or at selected County Extension offices.

The webinar will be a practical, management-oriented discussion of recent tax changes and the implications for farmers, farm families and farm businesses.  Topics include a review and discussion of depreciation alternatives involving additional first year depreciation, Sec. 179 expensing and regular depreciation for 2011 and 2012. Deducibility of health insurance premiums by the self-employed and other health care changes will be reviewed.  Other topics include deductibility of prepaid expenses, deferral of income, farm income averaging, reporting crop insurance indemnities and distress sales of livestock.  Tax planning in a high income year will be emphasized.

 

The link for the Webinar is: https://gomeet.itap.purdue.edu/tax/

The Archived Recording may be found here.

Program Materials in PDF format

2007 Tax Plan documents (referenced)

PowerPoint Slides (in PDF format)