Income Tax Management Program For Ag Producers Set For Nov. 18

A tax management program will be offered to agricultural producers and tax preparers from 9 a.m.-noon CST on Friday, Nov. 18, at 11 interactive video sites in North Dakota.

The North Dakota State University Extension Service and Internal Revenue Service are sponsoring the program.

It will feature presentations by Ann Makres, IRS; Steve Eckroth, Eide Bailly, Bismarck; Brenda Laub, CPA, Valley City; Steve Troyer, Eide Bailly, Fargo; and Andy Swenson, NDSU farm management specialist.

Experts will provide federal income tax updates and tax management alternatives while there is still time to implement year-end tax management decisions.

Topics include: * Tax planning tuneup; * IRS issues, * 1099s, * Payroll, * Depreciation,* Using LLPs, * Domestic production deduction,* Beginning farmer incentives.

A session on year-end tax planning will provide an overview of when to accelerate or defer income in conjunction with expense timing and income averaging to manage tax liabilities now and into the future.

Four question-and-answer periods are scheduled during the three-hour program. Pre-registration is required because seating is limited. The cost for the program and materials is $12.

Interactive video sites for the program are Bismarck State College; School for the Deaf, Devils Lake; Bottineau County Courthouse, Bottineau; Dickinson State University; NDSU, Fargo; Grand Forks County Office Building, Grand Forks; James Valley Career and Technology Center, Jamestown; Richland County Courthouse, Wahpeton; Williams County Courthouse, Williston; and NDSU Research Extension Centers in Minot and Langdon.

For additional information or to register, call the NDSU Extension Service, Fargo at 701-31-8642.

 

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