Attend this session to learn how agricultural enterprises might be structured to take advantage of the changing landscape under tax reform. Compare the results of the 21% tax on C corporations to the benefits of Section 199A, the qualified business income deduction.
By the end of this session, the attendee should be able to:
Understand and compare the taxation of C corporation and non-C corporation farming activities
Recognize the nuances associated with entity structuring, such as the deductibility of state income taxes, the effect of nondeductible expenses and limitations associated with the Section 199A deduction.