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Tax planning webinar for farmers planned for December 3

by Megan Roberts, Extension educator

University of Minnesota Extension's Ag Business Management team will present an end of year tax planning webinar for farm producers.

The free webinar, hosted by Extension educators Megan Roberts and Rob Holcomb, will be held live online via Zoom on Thursday, December 3 from 2 to 3:30 pm. A recording will be available beginning December 4. 

"Farm cash flow was negatively impacted by Covid-19,” said Rob Holcomb, agricultural business management Extension educator. “But governmental programs and rebounding commodity prices make end of year tax planning essential for farmers.”

Topics will include Covid-19 farm relief program tax implications, estimating qualified business income (QBI), updates to depreciation expenses including Minnesota's section 179 conformity, as well as tax planning strategies. Farmers can submit questions ahead of time or participate in a live Q&A during the webinar. 

Pre-registration for the webinar is required. To register for the live webinar on December 3 or to view the recording, visit z.umn.edu/farmertaxplanning2020. 



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