Section 199A: How TCJA Affects Ag Producers (WEBCAST)

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199AG  |  Webcasts & Webinars  |  Intermediate  |  Scheduled

Description

The Tax Cuts and Jobs Act brought major changes that impact those working in the farming and ranching industry. In this live webinar, explore how TCJA will affect several typical farm operations. Get a deeper review of Section 199A, including common grouping and rentals, when to aggregate, how the new cooperative 199A deduction works and how to maximize the deduction. Also, learn more about net operating loss, bonus depreciation and Section 179 strategies.

Curriculum

  • Taxation

Prerequisites

At least two years of experience with farm tax return preparation recommended.

Designed For

Tax practitioners advising farmers and ranchers on tax-related issues

Objectives

  • Dissect the computational results of Section 199A, the deduction for qualified business income.
  • Identify activities that may be included in qualified business income.
  • Recognize strategies to optimize bonus and Section 179 depreciation

Highlights

  • Section 199A -- qualified business income.
  • Impact of Section 199A on farm and ranch clients.
  • Why net operating losses (NOLs) should be avoided going forward.
  • Bonus depreciation and Section 179 optimization strategies.

Preparation

None

Registration for this event has closed. If you have any question or concerns please give us a call at 515-223-8161 or send us an e-mail at iacpa@iacpa.org

Instructors

Paul Neiffer

Show Bio

Paul Neiffer, CPA, is a principal in agribusiness at CliftonLarsonAllen. He is based out of Yakima, Washington, and specializes in income taxation and accounting services related to farmers and processors. Neiffer authors a monthly column for Top Producer magazine and writes the Farm CPA Today blog located at www.farmcpatoday.com.

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