Tax Information For Farmers
An interactive video program to assist agriculture producers and tax preparers with year-end farm business decisions and retirement planning is scheduled Friday, Nov. 18, from 9 a.m.-12 noon CST at the 2nd Floor Conference Room of the Williams County Courthouse.
The three-hour program will address the following tax issues: when to accelerate or defer income in conjunction with expense timing and income averaging; updates on tax rates; 1099s and IRS programs such as electronic accounting and Fresh Start; using LLPs in your farm operation such as moving land into an LLP; depreciation; section 199 domestic production deduction; how to do payroll correctly and discuss commodity wages; and special tax and loan features for beginning farmers.
The program, sponsored by the NDSU Extension Service and Internal Revenue Service will feature presentations by Ann Makres, IRS; Steve Eckroth and Steve Troyer, Eide Bailly; Brenda Lamb CPA; and Andy Swenson, NDSU.
Pre-registration is required and can be done by calling the Williams County Extension Office – 701-577-4595. Cost for the program and material is $12.
Dec. 1-2 at Sidney
Beef cattle producers will want to mark Dec. 1 and 2 on their calendars. These are the dates of the bi-annual Bovine Connection to be held in Sidney.
Since the first Bovine Connection held in 1990, the goal of each planning committee has been to pool resources which enable the planners to bring together expert scientists, practitioners and producers from various industry segments to exchange information on how to make the industry more profitable to cattlemen of northeast Montana and northwest North Dakota. This year’s schedule of speakers and topics will do just that.
Speakers on the first day will discuss agricultural alliances, market principles, mineral supplementation, global trade, growth implants, and stress free handling. Scheduled speakers for the day are Steve Dittmer, Agribusiness Foundation; Charlene Rich, Montana Beef Council; John Patterson, Montana State University; Bill Price, Price Feedlot; and Curt Pate, National Cattlemen’s Beef Association.
The line-up for Friday, Dec. 2 includes Robin Thorstenson, Bismarck State College, discussing the power of persuasion; Jim Robb, Livestock Marketing Information Center, based in Denver sharing his projections of both short and long term markets; Willy Altenberg sharing his thoughts on how the A.I. industry can be used effectively and profitably. Another presenter on Friday