- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 1.0
The course provides an overview of issues affecting the farming and ranching industries. The course addresses issues important to farmers and ranchers such as special accounting methods, methods of agriculture employee compensation, and income tax issues affecting farmers and ranchers.
This basic level course is most beneficial to professionals new to farm and ranch taxation who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
identify the special accounting methods available to farmers;
identify various methods of compensation available to the agricultural employer and the correct methods for reporting wage payments; and
identify unique issues of taxation applicable to farmers and ranchers.