Farm Tax Conference 2021 WEBCAST

Thursday, August 12 8:00am - 5:00pm PDT

Add to Calendar

Your Desk

8.0 Credits

Member Price $259.00

Non-Member Price $359.00

Overview

Get up-to-speed on critical ag issues at the WSCPA Farm Tax Conference. This year’s virtual conference will help you recognize unique tax opportunities and pitfalls for taxpayers in the agricultural industry. Learn about the income and deduction items unique to agribusiness producers as well as recent tax development affecting agribusiness. 

Join us as Paul Neiffer shares his wealth of agribusiness knowledge, including: an in-depth look at the deduction for qualified business income under Section 199A, and how farms may restructure for the maximum advantage; a rundown of the tax reform and CARES Act provisions that remain unknown and that will require guidance from the IRS; a forward-looking discussion of the current Congress's tax proposals; and much more. 

Join other tax professionals for this specialized forum to discuss current issues affecting farm and ranch clients. Register today!

Highlights

  • An in-depth discussion of the deduction for qualified business income under Section 199A, and how farms may restructure for the maximum advantage
  • Learn how the new gross receipts limitations exempt farmers from other complex computations
  • Analysis of pass-through versus C corporation entity planning for operating enterprises
  • Evaluation of bonus depreciation versus the Section 179 alternative
  • Understand how the meals and lodging fringe benefits affect the entity planning analysis
  • Hear about tax reform and CARES Act provisions that remain unknown and that will require guidance from the IRS
  • Discuss tax proposals of the new Congress post-2020

Prerequisites

2 years of experience with farm tax return preparation.

Designed For

Tax practitioners representing farmers and ranchers who need to be aware of new federal tax legislation, IRS guidance, and recent court decisions.

Objectives

  • Apply key tax planning concepts to farm and ranch taxation (cash accounting methods unique to agriculture, issues of constructive receipt, deferred payments, and prepaid expenses)
  • Recognize key tax planning opportunities for farm and ranch clients considering pandemic tax law changes
  • Differentiate key points in entity structure planning for clients when evaluating the C corporation alternative to pass-through taxation add-on
  • Recall tax updates from court cases, revenue rulings, and other authorities applicable to agriculture

Preparation

None.

Leader(s):

Leaders

Paul Neiffer

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen (CLA) in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com.

Paul regularly publishes timely content on CLA’s agribusiness blog, Farm CPA Today. He covers topics, including taxation, accounting, succession planning, new laws, major agribusiness events, and other issues that are unique to farmers and agribusiness processors.

Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul and his wife purchased a ranch which has cattle, goats and chickens.

Return to Top

Non-Member Price $359.00

Member Price $259.00