Checkpoint Learning

Course Detail

Farm Tax Update  

CATEGORY: Taxation
2 CPE Credits
Level: Basic

Farm and Ranch taxation has its own set of challenges confronting the practitioner. There are numerous items that are treated differently than those for non-Schedule F businesses. Keep up to date with those items as IRS publishes them and current issues are addressed by the courts. The number of farm/ranch taxpayers continues to grow, while IRS continues to challenge these agricultural enterprises as hobbies or that these businesses that lack material participation by the owners. Special tax breaks are available to those Schedule F businesses, but misclassification is not infrequent. NOTE: The IRS RTRP Program has been replaced with a new, voluntary “IRS Annual Filing Season Program.” The AFSP Program requires that CE Sponsors continue collecting PTINs from IRS professionals who wish to receive IRS credit. CE Sponsors will then be able to report course completions for the PTIN holders who have provided this information. Therefore, all IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-231-1860. THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

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