Western South Dakota's Only Ranch Station

Ag producers income tax management program Nov. 30

BISMARCK, ND – A virtual tax management program will be offered to ranchers and farmers and tax preparers from 1 to 4 p.m. CST on Nov. 30.

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

Experts will provide federal income tax updates and tax management alternatives.
Program topics include:

– Federal income tax update

– IRS update

– Identity theft and breaches

– Tax management upon retirement

– Net operating losses, like kind exchanges

– Drought-forced livestock sales

– Deferred crop sales

– Reporting crop insurance payments

– Qualified business income

– Tax planning in higher income years

Preregistration is required by Nov. 26. Registered attendees will receive a link to join the Zoom meeting. The cost for the virtual program and materials is $10.

Register online at https://bit.ly/3F7uwjD

For additional information or questions, contact Paulann Haakenson at [email protected] or 701-231-7393

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