Tax Implications for Farming: Farm Income and Expenses

$69.00

This two-part course intends to provide an overview of the federal tax implications for the business of farming that includes cultivating, operating or managing a farm for profit.

  • In Part 1, various issues with respect to farm income and expenses are discussed, together with special rules of estimated tax for farmers.
  • Part 2 of the course focuses on farm assets. Topics covered include basis of farm assets, depreciation/depletion/amortization, disposition of farm properties, installment sales, and involuntary conversion of farm properties.

Course Instructors

Susie (Qi) Duong, PhD

<p>Dr. Duong is an Accounting Subject Matter Expert for Becker Professional Education. Her professional background includes working in academia as well as in the accounting industry. She started her career working for EY as a senior associate focusing on interim, final and IPO audit of corporations in non-financial sectors such as manufacturing, utility, transportation, construction, services and so on. When working in academia, she taught both undergraduate-level and graduate-level accounting courses including Financial Accounting, Managerial Accounting and Financial Valuation at the University of Michigan, the University of North Carolina at Chapel Hill and National University of Singapore. Her academic research focuses on financial reporting issues in the banking industry and the use of accounting information in small business lending and debt contracting. Dr. Duong also owns a firm that provides tax compliance, research and consulting services. She holds a PhD in Accounting from the University of North Carolina at Chapel Hill, an M.Phil (Master of Philosophy) in Accounting from the University of Hong Kong and a BA in Accounting from Fudan University. She is also a CPA, CMA, CIA and an EA.</p>

Tax Implications for Farming: Farm Income and Expenses

$69.00

This two-part course intends to provide an overview of the federal tax implications for the business of farming that includes cultivating, operating or managing a farm for profit.

  • In Part 1, various issues with respect to farm income and expenses are discussed, together with special rules of estimated tax for farmers.
  • Part 2 of the course focuses on farm assets. Topics covered include basis of farm assets, depreciation/depletion/amortization, disposition of farm properties, installment sales, and involuntary conversion of farm properties.

National Registry of CPE Sponsors

A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823