Tax Strategies for Midwestern Farm and Ranch Women is a three-part extension workshop produced in collaboration between women in agriculture programs in Kansas, Indiana, and Nebraska. It will focus on the basics of tax planning for farms and ranches. Keynote speakers will be broadcast virtually via Zoom. Attending this series offers you the chance to build your tax management knowledge and skills. Participants are encouraged to attend all three sessions.
Class 1 – Introduction
- Basic tax information: What are income taxes? What are income tax brackets?
- Who qualifies as a Farm for tax reporting purposes?
- What is a schedule F?
- Cash vs. Accrual Accounting
- Tax Documentation
Class 2 – Schedule F Basics
- How do you choose an accountant?
- What are common farm and ranch deductions?
- What other non-farm from/for AGI deductions should farmers and ranchers consider?
Class 3 – Advanced Topics
- 1099s
- Tax Strategies
- Shifting income (pre-paid expenses, deferred payment contracts)
- Accelerated depreciation
- Income Averaging
- Loan forgiveness
This material is based upon work supported by the U.S. Department of Agriculture, under agreement number FSA22CPT0012189.
Nebraska Locations:
| City | Location | Address |
|---|---|---|
| Central City | Merrick County Youth and Agriculture Education Center | 1784 Fairgrounds Road |
| Concord | Haskell Ag Lab | 57905 866 Road |
| Geneva | Fillmore County Extension | 1340 G St. |
| Lincoln | Lancaster County Extension Office | 444 Cherrycreek Road Suite A |
| North Platte | Lincoln Logan McPherson Extension Center | 348 W. State Farm Road |
| Omaha | Nebraska Extension in Douglas- Sarpy County | 8015 W. Center Road |
| Syracuse | Syracuse Library | 480 5th St. |
Tax Strategies for Midwestern Farm and Ranch Women
Multistate three-part workshop
Nov. 28, Dec. 5, Dec. 12, 6:30-8 p.m. CT via Zoom
$30 registration fee
FAQ
Is the entire series virtual?
Yes! You can attend from the comfort of your home. Just get comfy in front of the computer!
Can anyone attend?
Yes! No matter where you live, we’d love to have you!
Will the program be recorded?
Yes! Anyone who registers will have access to recordings of the sessions.
