Producers Income Tax Management Program Dec. 1

A tax management program will be offered to producers and tax preparers from 1 to 4 p.m. CT Dec. 1 via Zoom.

The program, sponsored by North Dakota State University Extension and the Internal Revenue Service, will feature presentations by Alan Gregerson, IRS; Russ Tweiten, Ag Country Farm Credit Services and Rob Holcomb, University of Minnesota Extension.

Experts will provide federal income tax updates and tax management alternatives.

Program topics include:

• Federal income tax update
• IRS update
• Identity theft and breaches
• Inflation Reduction Act
• Tax management upon retirement
• Net operating losses, like kind exchanges
• Drought-forced livestock sales
• Deferred crop sales
• Reporting crop insurance payments
• Sale of farm assets
• Qualified business income deduction
• Filing dates
• Estate taxes

This program is only offered in a virtual format via Zoom. The cost for the program and materials is $10.

Preregistration is required at ndsu.ag/taxprogram.

For additional information or questions contact Paulann Haakenson at paulann.haakenson@ndsu.edu or 701-231-7393.