Farm and Ranch Tax Updates - 8 hours of CPE

100 Texas Ranger Trail,Waco TX 76706

24 August, 2021

Description

Blaise Bender, JD, CPA will address tax and planning issues relating to farming and ranching. Blaise Bender will present current tax issues and planning opportunities for farmers and ranchers. This course will be in-person in Waco and streamed live via WIFI Zoom. Participants will be able to ask questions. The seminar in the Texas Ranger Museum Education Center directly behind the museum. Participants will be emailed a map with directions. The seminar will specifically discuss the following matters relating to Farm and Ranch Activities: Recent Developments involving Hobby Loss CasesIncome Items including exclusions and deferral from gross income, accounting and self-employment taxDeductions including passive activities and at-risk rulesFinal Regulations Defining Real PropertySection 263A Election and Small ProducersBasis IssuesCooperativesCharitable Contribution Deductions and Conservation Easement ExaminationsFarm and Ranch in the record -keeping issuesFarm Trade or Business IssuesFarm Income Averaging Election and QBIDPPP Loan Forgiveness IssuesLike-Kind Exchange IssuesBusiness Interest Expense LimitationsDeveloping Issues on Agricultural and Oil and GasSection 199 A MattersThis session will conclude with a discussion on the current administrations tax proposals that may impact farming and ranching activities. NonProfit Organization for CPAs and a chapter of the Texas Society of CPAs