Timely Tax Issues In Agriculture - An Overview
Author: Susan Harper
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
There are more than 570 million farms worldwide, mostly small and family operated. Small farms operate about 12% and family farms about 75% of the world’s agricultural land. Join Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent of 24 years as she explores several timely tax issues impacting the world of agriculture.
With 20 years instructing CPE courses, Susan will deliver an entertaining and informative discussion to provide you with a better understanding of agriculture issues impacting your clients who are framers and ranchers.
Publication Date: July 2025
Topics Covered
- Qualified Conservation Contributions
- Election to Deduct Disaster Losses
- Depreciation for Vines & Fruit Trees
- Taxation of Breweries, Wineries, and Distilleries
- Easements
- Oil & Gas Issues
Learning Objectives
- Explain the qualified conservation contribution rules
- Explain how to elect to deduct disaster losses in preceding year
- Explain how to recover the cost of planting vines and trees
- Explain the taxation of breweries, wineries, and distilleries
- Explain easements
- Explain how to navigate oil & gas rules
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
