Thursday, June 29, 2017
Farm and ranch clients face many income tax issues that require special attention and planning. Likewise, they also encounter many estate and business planning opportunities that they can either take advantage of miss out on. For those representing farm and ranch clients, professional training in these issues is an important part of proper client representation. Our upcoming summer conference in the Bighorn Mountains of Sheridan, Wyoming on July 13-14, will dig into these issues and provide an opportunity for professional development. My teaching partner for the two days is Paul Neiffer of CliftonLarsonAllen.
Day 1 – Farm Income Tax
On Day 1, Paul and I will dig into numerous farm income tax topics. I will begin the day with an update of key developments in farm taxation. Before lunch, we will address various depreciation issues, farm income averaging and financial distress tax issues along with tax-deferral opportunities. In the afternoon, cash accounting issues for farmers, an update on the repair/capitalization regulations and a number of other specific farm income tax issues are on the agenda.
Day 2 – Farm Estate and Business Planning
On Day 2, we get into key estate and business planning issues for farmers and ranchers including how to maintain a stepped-up basis, planning strategies, the use of charitable trusts and FSA planning issues and opportunities. We will also get into other topics related to farm/ranch estate and business planning.
In-Person or Webinar
If you can’t attend the event in-person, the conference will also be webcast live. For in-person attendees, you can enjoy the beautiful Bighorn Mountains nearby with numerous outdoor opportunities. Also, the Sheridan Rodeo will be going on while we are there.
Here’s the link to the conference brochure: http://washburnlaw.edu/employers/cle/farmandranchincometax.html
We hope to see you in Sheridan in two weeks. There’s a week left for early registration. After that, the registration rates increase.