- 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, farm business expenses, 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 the organization but also for an experienced professional with limited exposure to this topic.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify the special accounting methods available to farmers;
determine which farm business expenses are deductible and which expenses must be capitalized; and
recognize unique issues of taxation applicable to farmers and ranchers.