November 9, 2006

Tax Program for Farmers Scheduled for Nov. 28

A Tax Management for Ag Producers program will be offered to producers and tax preparers from 1 to 4 p.m. on Tuesday, Nov. 28, at 11 interactive video sites in North Dakota.

The program, sponsored by the North Dakota State University Extension Service and Internal Revenue Service, will feature presentations by Ann Makres, IRS; Steve Eckroth, Eide Bailly, Bismarck; Brenda Laub, certified public accountant, Valley City; Steve Troyer, Eide Bailly, Fargo; and Terry Knoepfle, Department of Accounting and Information Systems, NDSU, Fargo.

Program topics:

• Tax update
• Tax gap, IRS audit priorities and what’s happening at the IRS
• New asset transfer rules
• Section 199 production activities deduction
• Health savings accounts
• Conservation security program payments
• Deferment of income
• Sale of personal residence/farmstead
• Depreciation
• Irrevocable trusts

Four question-and-answer periods are scheduled during the three-hour program.

Preregistration is required because seating is limited. The cost for the program and materials is $10.

The interactive video sites for the program are:

• Bismarck State College
• Memorial Building, Devils Lake
• Arntzen Building, Minot State University Bottineau
• Dickinson State University
• NDSU
• University of North Dakota, Grand Forks
• State Hospital, Jamestown
• North Dakota State College of Science, Wahpeton
• NDSU Research Extension Centers in Langdon, Minot and Williston

For additional information or to register, call the NDSU Extension Service in Fargo at (701) 231-8642.

###

Source: Andrew Swenson, (701) 231-7379, aswenson@ndsuext.nodak.edu
Editor: Rich Mattern, (701) 231-6136, richard.mattern@ndsu.edu

BeefTalk

Prairie Fare

Plains Folk

Hortiscope

Market Advisor:

Crop

Livestock

North Dakota State University
NDSU Agriculture Communication
NDSU Extension Service
ND Agricultural Experiment Station