Farmer/Farmland Owner Income Tax Webinar on December's Farm Office Live!

Are you a farmer or farmland owner wanting to learn more about the recent tax law issues? If so, join us for this webinar on Friday, December 15th, 2023 from 10am to noon. This webinar is a part of our Farm Office Live Series and serves as our Farm Office Live! Webinar for December. To register for this webinar go to: https://go.osu.edu/register4fol

This webinar will focus on issues related to farmer and farmland owner income tax returns as well as the latest news on CAUV and property taxes in Ohio and the big changes to the Ohio Commercial Activity Tax (CAT). This two-hour program will be presented in a live webinar format via Zoom by OSU Extension Educators Barry Ward, David Marrison and Jeff Lewis along with Purdue faculty member Dr. Michael Langemeier. Individuals who operate farms, own property, or are involved with renting farmland should participate.

Topics to be discussed during this webinar include (subject to change based on tax law change):

Economic Outlook

Depreciation Update

Employee vs. Independent Contractor

Corporate Transparency Act/Beneficial Owners Information Reporting

1099-K Changes

Charitable Remainder Trusts

Basis Allocation Land Acquisition – Allocating Basis to Residual Fertility for Future Deductions

Defining Farm Income to Avoid Paying Estimated Tax

Source: osu.edu

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