Come early to refresh your knowledge of farm tax accounting methods. This session discusses the unique methods of accounting available to farmers, including those presented to the U.S. House Agriculture Committee in testimony provided in April 2017.
By the end of this session, you should be able to:
Recognize unique planning opportunities to defer income
Apply tax planning techniques to target taxable income by prepaying expenses, claiming bonus depreciation and Section 179, and by using other advanced deferral and acceleration techniques.