The Agricultural Tax Issues course is intended to benefit tax professionals who work with agricultural producers. This course will be held virtually on June 21st (8:30 – 12:30) due to the popular demand of those who purchased the materials last fall. This 4CE course will be a pilot run on whether or not to offer the entire course in the future. The session will cover selected topics from the 2022 Agricultural Tax Issues materials, such as:
- The tax treatment of conservation related expenses and payments, including solar payments.
- Christmas trees, fruit and nut trees, and brambles taxation
- Charitable contribution options for producers
- Allocations of purchase price in acquiring farm assets, including deductions for soil fertility
- AGI compliance for FSA programs and PARP/ERP updates
- Tax challenges with H-2A workers
While the focus is on federal topics, the presenters will relay practical information from the field that is pertinent to New York State as the opportunities arise.
All attendees will receive a digital copy of the 2022 Agricultural Tax Issues workbook, which includes additional topics as well as a sample farm tax return. The price of the course will be $175, which includes the digital materials. For those that have already purchased the digital materials in the fall for $50, the cost to attend the program will be discounted by $50 to $125.
In addition to a registration email, registration can be made by emailing taxschools@cornell.edu. Also, https://cvent.me/42yv0g will direct you to the registration.
The speakers for the seminar are listed below:
Jeffrey Fetter
Jeffrey M. Fetter is President of Scolaro Fetter Grizanti & McGough, P.C. and is Chairman of the Business & Tax Practice and Agricultural Services Groups. His practice focuses on business, estate, tax, succession and transactional planning for closely-held and family-owned enterprises throughout New York and Pennsylvania. Legal services Jeff provides his clients include: state, federal and international tax and business transactional planning; estate and long-term care planning; business and succession planning for closely-held and family-owned business enterprises; e-commerce planning; employee and shareholder/principal relations and employee benefits; protection of intellectual property; transactional planning; acquisitions, dispositions, mergers, tax-free reorganization of business entities; entity structuring; contract negotiation, dispute resolution; international contracts and business planning and the dissolutions of business entities.
Jeff is licensed to practice in the State of New York and the Commonwealth of Pennsylvania. Clients Jeff represents are involved in agriculture-related businesses, professional service, e-commerce, manufacturing, communications and retail businesses.
Jeff is a frequent lecturer in the area of business, succession, tax and estate planning. He has authored several articles on business, succession and estate planning for various periodicals.
Joseph Baldwin
Joe Baldwin is the Director of Training for Farm Credit East, ACA. In addition to training the next generation of farm tax advisors, Joe has worked for over 15 years with some of the most complex tax situations arising throughout Northeast Agriculture. He holds a bachelor’s degree in Economics from Bucknell University, a Master’s degree in Business Administration from UMASS, and a Master’s degree in Taxation from Northeastern University. In addition to his involvement with the Farm Credit internal training program, Joe has also lectured through the Cornell Income Tax School, the Farm Financial Standards Council, and the NY Society of Enrolled Agents.
Dario Arezzo, J.D., LL.M, CFP®
Dario Arezzo is the Director of the Cornell Tax Conferences where he specializes in tax consulting, research, planning and compliance for both individuals and businesses. Dario has a quarterly column titled Arezzo on Agriculture published in the prominent national tax publication State Tax Notes. Dario also authored the Cornell Income Tax School’s New York State tax manual. Dario holds a B.S. from Cornell University, J.D. from Albany Law School and a LL.M from New York University.
New York State Continuing Education Sponsor License ID# 000663. IRS Sponsor ID 9FRDE.