Farmers, farm representatives and rural landowners can learn more about the special issues with farm tax returns during a daylong tax webinar and workshop Dec. 14 hosted by the College of Food, Agricultural, and Environmental Sciences at The Ohio State University

Topics such as inherited property and income tax on farm transfers will be discussed during the workshop, which focuses on issues specific to farm tax returns related to agriculture and natural resources, said Larry Gearhardt, director of the Ohio State University Income Tax School Program of Ohio State University Extension.

The six-hour program, which will be presented in a live webinar format, is open to tax preparers as well as individuals who file their own farm taxes.

The program, which is an intermediate-level course, will focus on the changes in tax laws, in particular those that deal with agriculture like Section 179 expense deductions and bonus depreciation.

Other topics to be discussed during the webinar include:
Repair regulations.
Farmer net investment income tax issues.
Commodity credit corporation loans.
Livestock transaction.

The cost for the one-day school is $130, and organizers have applied for continuing education credits for the course. More information on the workshop, including how to register, can be found at go.osu.edu/taxschools. Participants can contact Gearhardt at 614-292-2433 or [email protected] for more information.

Registration includes the Agricultural Tax Issues Book. The deadline to register is Nov. 23 in order to ensure participants can get the manual via mail in time for the workshop. The live webinar, which will also feature a real-time Q-and-A, can be viewed at several host locations statewide and will include lunch. Participants also have the option to view the webinar from home if they aren’t able to attend a host location, he said.

For those who choose not to attend the host location, a web address for the webinar will be sent to those who have registered a week in advance of the Dec. 14 presentation, Gearhardt said. Participants must be registered before Nov. 23 to ensure receipt of the tax issues workbook by mail before the webinar, he said.

Host locations include:
Ashtabula County: OSU Extension Office, 39 Wall St., Jefferson
Auglaize County: OSU Extension Office, 208 S. Blackhoof St., Wapakoneta
Clermont County: OSU Extension Office, 1000 Locust St., Owensville
Fulton County: OSU Extension Office, 8770 SR 108, Suite A, Wauseon
Miami County: OSU Extension Office, 201 W. Main St., Old Courthouse, Troy
Noble County: OSU Extension South Central Region Office, 16714 Wolf Run Road, Caldwell
Putnam County: OSU Extension Office, 1206 E. Second St., Ottawa
Ross County: OSU Extension Office, 475 Western Ave., Chillicothe
Wayne County: Fisher Auditorium, 1680 Madison Ave., Wooster
Wyandot County: Elks Lodge, 320 E. Wyandot Ave., Upper Sandusky