NEWS for North Dakotans
Agriculture Communication, North Dakota State University
7 Morrill Hall, Fargo, ND 58105-5665

November 25, 1998

Income Tax Management Program Scheduled for Ag Producers

A Tax Management for Ag Producers program will be offered to tax preparers and agricultural producers from 1 p.m. to 4 p.m. (Central Standard Time) on Wednesday, Dec. 9, at nine interactive video sites in North Dakota.

The program, sponsored by the North Dakota State University Extension Service and the Internal Revenue Service, will focus on recent changes in tax legislation and will feature presentations by Steve Eckroth with EideBailly in Bismarck; Gay Blazek, IRS agent, Fargo; Steve Troyer, Farm Accounting and Tax Service, Fargo; Brenda Laub, Farm Credit Services, Valley City; and Terry Knoepfle with NDSU's business administration department.

Topics include income averaging for farmers, strategies for using deferred-payment contracts and installment sales, tax implications of loan deficiency payments, tax consequences to exit farming and the IRS taxpayer advocate program. There will be updates on capital gains, child and tuition credits, section 179, Conservation Reserve Program payments as selfemployment income and the Roth IRA. Also, there will be discussions on planning self employment taxes to achieve certain benefit levels and on estate planning.

Four question-and-answer periods are scheduled during the three-hour program. Preregistration is required, as seating is limited at each site. The cost for the program and materials is $8 for the first person from an operation and $4 for the second, with one set of materials provided.

For additional information and registration, call the Extension Agricultural Economics at NDSU at (701) 231-8642.

Interactive video sites for the program will be at 216 Vo-Tech Center, Bismarck State College; 171 Administration Building, UND-Lake Region, Devils Lake; North Campus 104, Dickinson State University; Room 183 E. Morrow Lebedeff Hall (Home Economics), NDSU, Fargo; 120 Gamble Hall, University of North Dakota, Grand Forks; third floor of the State Hospital Education Building, Jamestown; 158 Administration Building, Minot State University; 112 Main Building, UND-Williston; and 117 Mildred Johnson Library, North Dakota State College of Science, Wahpeton.

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Source: Andy Swenson (701) 231-7379

Editor: Dean Hulse (701) 231-6136