NEWS for North Dakotans
Agriculture Communication, North Dakota State University
7 Morrill Hall, Fargo, ND 58105-5665
November 24, 1999
A "Tax Management for Ag Producers" program will be offered to agricultural producers and tax preparers from 1 p.m. to 4 p.m. (Central Standard Time) on Friday, Dec. 3, 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 feature presentations by Steve Eckroth, with Eide Bailly LLP, Bismarck; Gay Blazek, Internal Revenue Service 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.
One of the presentations will cover the benefits and limitations of income averaging for farmers. An update on capital gains, child and education credits, section 179, and the current status of Conservation Reserve Program payments and land rent as self-employment income will be presented. Tax strategies for exiting farming and IRS policies and services will be discussed. In addition, there will be presentations on saving for retirement and on gifting and transfer of farm assets.
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.
Interactive video sites for the program will be at 228 Vo-Tech Center, Bismarck State College; 171 Administration Building, Lake Region State College, Devils Lake; Room 104, North Campus, Dickinson State University; Room 183 E. Morrow Lebedeff Hall (Home Economics), NDSU, Fargo; 119 Abbott 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, Williston State College; and 117 Mildred Johnson Library, North Dakota State College of Science, Wahpeton.
For additional information and for registration, call the NDSU Extension Service in Fargo at (701) 231-8642.
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Source: Andy Swenson (701) 231-7379
Editor: Dean Hulse (701) 231-6136