Summer 2022 Farm Income Tax/Estate and Business Planning Conferences

Overview

The Washburn Law School Summer 2022 national conferences on ag income tax and ag estate and business planning are approaching.  The first one will be June 13-14 at the Chula Vista Resort near the Wisconsin Dells.  The second conference will be in Durango, Colorado, at Fort Lewis College on August 1-2.

Registration is now open for both the Wisconsin event in mid-June and the Colorado event in early August. 

Wisconsin Dells, Wisconsin

Here’s the link to the online brochure and registration for the event at the Chula Vista Resort on June 13-14:  https://www.washburnlaw.edu/employers/cle/farmandranchtaxjune.html

A block of rooms is available for this seminar at a rate of $139.00 per night plus taxes and fees. To make a reservation call (855) 529-7630 and reference booking ID "#i60172 Washburn Law School." Rooms can be reserved at the group rate through May 15, 2022. Reservations requested after May 15 are subject to availability at the time of reservation.

An hour of ethics is provided at the end of Day 2.

The conference will also be broadcast live online for those that cannot attend in person.  Online attendees will be able to interact with the presenters, if desired. 

Here’s a rundown of the topics by day, for more detail see the registration at the link provided above:

Day 1 (at both Wisconsin and Durango)

• Tax Update: Key Rulings and Cases
• Reporting of WHIP and Other Government Payments
• Fixing Bonus Elections and Computations
• Research and Development Credits
• Farm NOLs
• The Taxability of Retailer Reward Programs; Tax Rules Associated with Demolishing Farm Structures
• IRS-CI: Emerging Cyber Crimes and Crypto Tax Compliance
• Reporting of machinery trade transactions
• Inventory accounting issues
• Early termination of CRP contracts;
• Partnership reporting;
• Weather-related livestock sales; and
• Contribution margin analysis

Day 2 (Wisconsin)

• Estate and Business Planning Caselaw and Ruling Update
• The Use of IDGTs (and other strategies) For Succession Planning
• Anticompetitive Conduct in Agriculture
• Post-Death Dissolution of S Corporation Stock and Stepped-Up Basis; Last Year of Farming; Deferred Tax liability and Conversion to Form 4835
• Agricultural Finance and Land Situation
• Post-Death Basis Increase: Is GallensteinStill in Play?; Using an LLC to Make an S Election
• Getting Clients Engaged in the Estate/Business Planning Process
• Ethical Problems in Estate and Income Tax Planning 

Day 2 (Durango)

• Estate and Business Planning Caselaw and Ruling Update 
• The Use of IDGTs (and other strategies) For Succession Planning 
• Estate Planning to Minimize Income Taxation: From the Mundane to the Arcane
• Oil and Gas Royalties and Working Interest Payments: Taxation, Planning and Oversight
• Economic Evaluation of a Farm Business 
• Appropriation Water Rights - Tax and Estate Planning Issues
• Ethically Negotiating End of Life Family Issues 

Here’s the link to the online brochure and registration for the event in Durango at Fort Lewis College on August 1-2:  https://www.washburnlaw.edu/employers/cle/farmandranchtaxaugust.html

Online Attendance

Both the Wisconsin and Colorado conferences will also be broadcast live online for those that cannot attend in person.  Online attendees will be able to interact with the presenters, if desired. For those attending online, please indicate on your registration whether you would like to have a hardcopy of the conference materials sent to you.

Other Points

There are many other important details about the conferences that you can find by reviewing the online brochures. 

Looking forward to seeing you there or having you participate online.  If you do tax, estate planning or business succession planning work for clients or are involved in production agriculture in any way, this conference is for you.  Each event will also have a presentation involving the farm economy that you won’t want to miss.  Also, if you aren’t needing to claim continuing education credits, you qualify for a lower registration rate.

I am looking forward to seeing you there.