Course Information

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Agricultural Taxation: Income (Second Edition)
Author: Dr. Gary L. Maydew

Description:
This course covers in depth the treatment of income from farms and ranches. Also provided is guidance for reporting as well as tax planning tips that will benefit tax practitioners with farming or ranching clients.

Topics covered in this course include the following:

  • Financial and Tax Accounting—How They Differ
  • Reporting Schedule F Income Items
  • Income From: Sale of Plants, Other Products of Land, and Machine Hire
  • Patronage Dividends, Per Unit Retains, Other Distributions
  • Commodity Credit Corporation (CCC) Loans
  • Conservation Reserve Payments (CRP)
  • Other Government Payments
  • Federal and State Gas Tax Refunds and Credits; Crop Insurance Proceeds and Disaster Payments; Rental Income
  • Hedging Gains and Losses
  • Sale of: Livestock Held for Production & Land and Equipment
  • Sample Transactions Reported on the Tax Forms (Form 4797, Schedule D, and Schedule F)

Course Details:
Price:  $48.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Basic
Advanced Preparation:  None
CTEC course number:  1075-CE-1109
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Library:
Learning Center Core

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 3.0 CPE
QAS 3.0 CPE
Enrolled Agent (Accepted by the IRS) 3.0 CPE
CTEC Federal 3.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

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