2020 Wisconsin Agricultural Tax Issues Course Information

Message from the Team

Because of the current uncertainty associated with holding large events in the fall, we have made the difficult decision to move our Annual Federal Income Tax Schools online. While this was not our preferred choice (we really look forward to seeing you each year), we are excited to offer the same course format, the same book (mailed to you in advance), and familiar speakers, all in a format best suited for 2020. We have worked hard to create multiple options to allow you to choose the schedule that best meets your needs.

These will be specially-tailored online classes that retain the look and feel of our traditional in-person courses, but you can participate from the comfort and safety of your home or office. If you haven’t tried an online course, we don’t think you will be disappointed. Even before COVID-19, hundreds of practitioners opted to participate in our Iowa tax schools online each year because of the convenience. These will be highly interactive classes, with dedicated Q & A sessions, and opportunities for live feedback throughout. If you are worried about technology, we will work with you to ensure that you are ready to go when your tax school begins.

Many of you have attended Tax Insight events for decades. We value our relationship with you and will do everything we can to maintain it. We can’t thank you enough for your continued support. While we are disappointed that we will not see you in person this fall, we look forward to hosting in-person tax schools again in 2021. In the meantime, we look forward to seeing you online this fall and preparing you for the 2021 filing season.

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                 Register by mail or phone

Wisconsin Annual Tax Courses Brochure

Topics

Join us as we address hot topics impacting agricultural clients as we look to the 2020 filing season. This material is different from the Agricultural chapter in the Annual text book used in our 2-day courses.

Topics Are:

  • ·       Like-kind Exchanges Involving Farm Property
  • ·       Retirement Planning and Self-Employment Tax Considerations for Farmers
  • ·       New UNICAP Rules and IRC section 263A Updates
  • ·       Form 4797 Considerations
  • ·       Getting Out of the Business of Farming
  • ·       Ag-Specific QBI Issues
  • ·       Recent Cases, Rulings and COVID-19 Legislation Impacting Producers
  • ·       Tax Issues Arising Upon the Death of a Farmer
  • ·       Sample Farm Tax Return

Dates and Times

Wednesday, October 21, 9 AM to 4 PM
Thursday, October 22, 9 AM to 4 PM
Wednesday to Thursday, October 21-22, 9 AM to Noon
Wednesday to Thursday, October 21-22, 1 PM – 4 PM

Credits for 2020 Wisconsin Agricultural Tax Issues Course

By popular demand, our course has expanded to 6 hours this year.  These are the Continuing Education Credit hours applied for by granting authorities for the 2020 Wisconsin Agricultural Tax Issues Course.

IRS Enrolled Agents: 6

IRS Other Tax Return Preparer: 6

Wisconsin Office of the Commissioner of Insurance: 6

Wisconsin Continuing Legal Education: 6

Certified Financial Planner:  6

 

For IRS Credit:

We will report your continuing education credit hours to the IRS if you have provided us with your PTIN (Preparer Tax Identification Number).  Your attention will be monitored by the conferencing software, GoToWebinar, and we will report credit hours based on that monitoring.

For Commissioner of Insurance Credit:

You must attend the entire course to receive credit.  The Commissioner of Insurance grants NO credit hours for partial attendance.  We report your attendance.  There is an additional Insurance Filing Fee of $10 collected with your registration, and we need to have your NPN# to file your credits.

For Wisconsin Continuing Legal Education Credit:

Attorneys are required to report their own attendance.

For Certified Financial Planner:

        If you have provided a CFP# and indicated that you want the credits reported, we will report your attendance.

For Wisconsin CPA Credit: 

CPAs are required to report their own attendance.

 

Registration by Phone, Mail, or On-line

 

To register via mail, go to the Registration Information page.

To register by phone or receive a copy of the brochure, contact Wisconsin Annual Tax Courses directly at: (phone) 608-831-1040.

To register on-line, select REGISTER NOW and follow instructions from there.

We cannot guarantee on-site registration.

Materials

Participants will receive the .pdf version of the 2020 Agricultural Tax Issues book authored by the Land Grant University Tax Education Foundation.

Fees

The fee for the 6 hour course for 2020 is $120.  Registrants desiring Insurance credits for the course will be charged a $10 Insurance Filing Fee at the time of their registration.

Instructors

Gregory Bouchard is the Director of the Cornell University 
income tax schools. He is also a senior business consultant for
Farm Credit East, ACA, where he is responsible for tax training
as well as consulting directly with clients regarding their estate
and business plans. Farm Credit is a major provider of tax
services, and Greg’s specialty is partnership taxation. He has been an instructor for the New York State Income Tax Schools for 20 years. Greg is an author and a reviewer of the National Income Tax Workbook.
Guido van der Hoeven is an Agricultural tax specialist with the Center for Agricultural Law and Taxation. Prior to this role he was an Extension Specialist/ Senior Lecturer in the Department of Agricultural and Resource Economics at North Carolina State University in Raleigh, North Carolina.

 

Tax Deduction for educational expense

Treasury Regulation §1.162-5 permits an income tax deduction for educational expenses undertaken to: (1) maintain or improve skills in one’s employment or other trade or business, or (2) meet express requirements of an employer or a law imposed as a condition for retention of employment, job status, or rate of compensation.

Registration Confirmation

We will send a confirmation letter to you by email from our Wisconsin office when we process your registration. If you do not receive a confirmation letter after two weeks, contact us at 608 831-1040 to confirm your registration. 

Cancellation/Substitution/Transfer Policy

Registration fees are NON-REFUNDABLE because a workbook will be mailed to each registrant.  Requests to TRANSFER a registration to another person or a different class will be accommodated.  These transfers must be completed one week prior to the scheduled session and are subject to availability of alternative sessions.  If you need additional information or need to make a correction to your registration, please call us at 608-831-1040.