Description

QBIA, wage limitation, excess business losses, interest expense limitations: where is the simplicity in the Tax Cuts and Jobs Act promised to us? Agricultural taxation is now more complex than ever. Attend this session for the most up-to-date information from the Vice-Chair of the AICPA Tax Executive Committee, who happens to be a national speaker on agricultural tax matters.

By the end of this session, the participant will have: 

• Gained an appreciation for the complexity of the Section 199A deduction for qualified business income, including the many limitations that reduce its effectiveness. 
• Understand which farmers and producers are not subject to preproductive cost capitalization, interest deduction limitations and wage restrictions on the deductibility of expenses.

Speaker(s):

• Chris Hesse, CPA, Principal, CliftonLarsonAllen LLP