Income Tax Workshop

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Income Tax Workshop for Farmers, Accountants, and Attorneys

The Alabama Cooperative Extension System is offering workshops on income tax for agricultural operations. The program will include a review of Schedule F and how to report income as well as some tax planning techniques.

Location and Dates for the Local Workshops
October 3 ALFA building, Robertsdale
October 4 Wiregrass Research and Extension Center, Headland
October 6 AW Todd Center, Russellville
October 10 Black Belt Research and Extension Center, Marion Junction
October 11 Shelby County Extension Office, Columbiana
November 1 Farmer’s Federation Building, Gadsden
November 3 EV Smith Research and Extension Center, Shorter
November 7 Morgan County Extension Office, Hartselle

TOPICS
Schedule F—Profit or Loss from Farming
How to report farming income and government payments:
• Livestock
• Rent
• Crop shares
• Commodity Credit Corporation loans
• Conservation Reserve Program
• Crop insurance and crop disaster payments
• Income from cooperatives
• Cancellation of debt
How to report expenses and prepaid expenses
What to File and When
Schedule J—Income Averaging for Farmers and Fishermen
The Effect of Claiming Accelerated Depreciation under Section 179 and Section 178(k) on a Farmer’s Cash Flow
The Cost of Retiring or the Tax Implications of Disposition of Machinery and Land
How Income Affects Social Security Benefits

All workshops are from 6:00 to 8:30 p.m.  The registration fee is $15 for farmers and $65 for accountants and attorneys who will receive 2.5 hours of CPE and 2.3 hours of CLE. To register, visit www.aces.edu/farmtax or call 334-844-5100.

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This event is not hosted by ASAN.  As one of ASAN’s roles is to share information and resources across our network so as to maximize all of our impact, we routinely post events that we ourselves are not hosting.  If you have questions regarding this event, please contact event organizers rather than ASAN.

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