In many sectors of the agricultural economy, the financial condition for producers remains difficult. This can present unique issues for tax practitioners. This session covers various tax issues associated with clients in financial distress. Form 982 attributes, insolvency, bankruptcy tax issues, and tax issues associated with the sale of farm/ranch assets will be addressed.
By the end of this session, you should be able to:
Identify tax issues unique to clients that are in financial distress
Apply tax planning opportunities to avoid additional tax problems for such clients
Kansas Farm Bureau Professor of Agricultural Law and Taxation,
Washburn University School of Law
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