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Two Farm Tax Webinars to be Held
By Sam Custer
OSU Extension, Darke County
Due
to the many changes made by the fiscal
cliff legislation, OSU Extension will be hosting two “Farm Tax
Webinars.” The
first was held on Tuesday, January 29;
the second session will be held on Wednesday, February 6 from 7:00 to
9:00 p.m. Farmers
are encouraged to connect via the
internet at their home. This
webinar
will be a great way to learn the latest on farm taxes and the impacts
of the
fiscal cliff legislation.
The
following topics will be discussed during
this two hour webinar:
Fiscal
Cliff Legislative Update
Farm
Bill Extension-what does it mean?
Acre
& SURE Program Updates
New
Income Tax Brackets (Income & Capital
Rates)
Section
179 Extension & Increase
Special
Depreciation Increase
Payroll
Tax Increase
Filing
Status delay due to Form 4562
2012
Weather-Related Sales
Crop
Insurance and Disaster Payments
Weather
Related Sales of Livestock
Estate
Tax Issues
New
Federal Income Tax Limitations ($5 million,
portability, 40%)
Elimination
of Ohio Estate Tax- 1/1/2013
Miscellaneous
Farm Issues
CAUV
Tax Increase Explanation in Counties
Across Ohio
Oil
& Gas Lease & Royalty Income
Hunting
Lease Income
Conservation
Easement Deduction
This
program is being offered by the OSU Income
Tax School Program of OSU Extension.
The
speakers will include Larry Gearhardt, Dr. Chris Bruynis and David
Marrison. No
pre-registration is
required and producers can attend by logging on to http://carmenconnect.osu.edu/ohioagmanager/
This
will be a great chance to learn more about
the changes in agricultural taxes.
More
information about this program can be
obtained by contacting David Marrison at marrison.2@osu.edu or
440-576-9008.
For
more detailed information, visit the Darke
County OSU Extension web site at www.darke.osu.edu,
the OSU Extension Darke County Facebook page or contact Sam
Custer, at 937.548.5215.
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