Sorry, Session 1: Tax Planning, Goals, and Foundations has passed.
Sorry, Session 2: Understanding the Schedule F, Depreciation, Profit/Loss Determinations has passed.
Sorry, Session 3: Income Tax Planning Strategies and Timelines has passed.

Income Tax Planning for Farms that File a Schedule F

A three-part series for farms that are already filing a Schedule F covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system. Second session will delve into everything Schedule F - depreciation and classifying revenues and expenses. The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.






Event Details

Session 1: Tax Planning, Goals, and Foundations

Date

October 13, 2021

Time

7pm - 8:30pm

Location

Online via Zoom

Cost

Regular : $25.00

Regular registration fee (per farm basis)

Scholarship : Free

Free for those experiencing financial hardship (no documentation needed) thanks to our sponsors!

NY FarmNet Consultant : Free

Free Registration for NY FarmNet Consultants

Host

Southwest New York Dairy, Livestock and Field Crops Program


Session 1: Tax Planning, Goals, and Foundations



A three-part series for farms that are already filing a Schedule F covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system. Second session will delve into everything Schedule F - depreciation and classifying revenues and expenses. The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.

This course is part of Cornell Cooperative Extension's Farmer Tax School: An educational series from Cornell Cooperative Extension Farm Business Management Specialists offering courses designed to inform and empower farm managers to better understand their tax obligations, management strategies, and improve farm profitability. This consists of four courses offered October 2021 - January 2022. For more information, visit tinyurl.com/ccetaxschool.

COST: Each course has its own fee. See below for more information regarding our program scholarships.

REGISTRATION: Register online by visiting tinyurl.com/ccetaxschool.This is REQUIRED three business days in advance of the workshop. You can register for one, some of, or all courses. Following your registration, you will receive a confirmation email and an invitation to complete a pre-course survey. This survey will help our instructors tailor the topics covered in each course.

CAN'T MAKE IT LIVE?: Sign up any and we'll send you a recording following the workshop.

TECH REQUIREMENTS: Zoom (on phone, tablet, or computer). You may also call in and request paper documents be mailed to you.

IS THIS FOR ME?: This series has options for agricultural producers of all shapes, sizes, and time in business.

SPONSORSHIP: We are currently seeking agribusiness sponsorship for this series. We will be providing all of our participants with a directory of sponsors and their financial support services offered.

Experiencing financial hardship? Attend for free! Select the "scholarship" option at payment. Support for this option is made possible by our generous sponsors.

For more information, or for assistance in finding the course that is right for you, contact your regional Farm Business Management Specialist or any of the following planning team members:

  • Bonnie Collins, CCE Oneida County, 315-335-4268, bsc33@cornell.edu
  • Steve Hadcock, Capital Area Agriculture and Horticulture, 518-380-1497, seh11@cornell.edu
  • Elizabeth Higgins, Eastern New York Commercial Horticulture, 518-949-3722, emh56@cornell.edu
  • Mary Kate MacKenzie, South Central New York Dairy and Field Crops, 509-294-6073, mkw87@cornell.edu
  • Dayton Maxwell, Capital Area Agriculture and Horticulture, 518-380-1498, dtm4@cornell.edu
  • Joan Petzen, Northwest New York Dairy, Livestock, and Field Crops, 716-378-5267, jsp10@cornell.edu
  • Katelyn Walley-Stoll, Southwest New York Dairy, Livestock, and Field Crops, 716-640-0522, kaw249@cornell.edu

Cornell Cooperative Extension is an employer and educator recognized for valuing AA/EEO, Protected Veterans, and Individuals with Disabilities and provides equal program and employment opportunities. For accommodations and accessibility concerns, please Katelyn Walley-Stoll by calling 716-640-0522. This information is for educational and reference purposes only and is not a substitute for sound legal counsel and tax preparation. Cornell Cooperative Extension is dedicated to proving research-based information to our agricultural producers. Every effort has been made to provide correct, complete and up-to-date recommendations. Changes occur constantly and human errors are possible.





Event Details

Session 2: Understanding the Schedule F, Depreciation, Profit/Loss Determinations

Date

October 20, 2021

Time

7pm - 8:30pm

Location

Online via Zoom

Host

Southwest New York Dairy, Livestock and Field Crops Program


Session 2: Understanding the Schedule F, Depreciation, Profit/Loss Determinations



A three-part series for farms that are already filing a Schedule F covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system. Second session will delve into everything Schedule F - depreciation and classifying revenues and expenses. The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.

This course is part of Cornell Cooperative Extension's Farmer Tax School: An educational series from Cornell Cooperative Extension Farm Business Management Specialists offering courses designed to inform and empower farm managers to better understand their tax obligations, management strategies, and improve farm profitability. This consists of four courses offered October 2021 - January 2022. For more information, visit tinyurl.com/ccetaxschool.

COST: Each course has its own fee. See below for more information regarding our program scholarships.

REGISTRATION: Register online by visiting tinyurl.com/ccetaxschool. This is REQUIRED three business days in advance of the workshop. You can register for one, some of, or all courses. Following your registration, you will receive a confirmation email and an invitation to complete a pre-course survey. This survey will help our instructors tailor the topics covered in each course.

CAN'T MAKE IT LIVE?: Sign up any and we'll send you a recording following the workshop.

TECH REQUIREMENTS: Zoom (on phone, tablet, or computer). You may also call in and request paper documents be mailed to you.

IS THIS FOR ME?: This series has options for agricultural producers of all shapes, sizes, and time in business.

SPONSORSHIP: We are currently seeking agribusiness sponsorship for this series. We will be providing all of our participants with a directory of sponsors and their financial support services offered.

Experiencing financial hardship? Attend for free! Select the "scholarship" option at payment. Support for this option is made possible by our generous sponsors.

For more information, or for assistance in finding the course that is right for you, contact your regional Farm Business Management Specialist or any of the following planning team members:

  • Bonnie Collins, CCE Oneida County, 315-335-4268, bsc33@cornell.edu
  • Steve Hadcock, Capital Area Agriculture and Horticulture, 518-380-1497, seh11@cornell.edu
  • Elizabeth Higgins, Eastern New York Commercial Horticulture, 518-949-3722, emh56@cornell.edu
  • Mary Kate MacKenzie, South Central New York Dairy and Field Crops, 509-294-6073, mkw87@cornell.edu
  • Dayton Maxwell, Capital Area Agriculture and Horticulture, 518-380-1498, dtm4@cornell.edu
  • Joan Petzen, Northwest New York Dairy, Livestock, and Field Crops, 716-378-5267, jsp10@cornell.edu
  • Katelyn Walley-Stoll, Southwest New York Dairy, Livestock, and Field Crops, 716-640-0522, kaw249@cornell.edu

Cornell Cooperative Extension is an employer and educator recognized for valuing AA/EEO, Protected Veterans, and Individuals with Disabilities and provides equal program and employment opportunities. For accommodations and accessibility concerns, please Katelyn Walley-Stoll by calling 716-640-0522. This information is for educational and reference purposes only and is not a substitute for sound legal counsel and tax preparation. Cornell Cooperative Extension is dedicated to proving research-based information to our agricultural producers. Every effort has been made to provide correct, complete and up-to-date recommendations. Changes occur constantly and human errors are possible.





Event Details

Session 3: Income Tax Planning Strategies and Timelines

Date

October 27, 2021

Time

7pm - 8:30pm

Location

Online via Zoom

Host

Southwest New York Dairy, Livestock and Field Crops Program


Session 3: Income Tax Planning Strategies and Timelines



A three-part series for farms that are already filing a Schedule F covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system. Second session will delve into everything Schedule F - depreciation and classifying revenues and expenses. The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.

This course is part of Cornell Cooperative Extension's Farmer Tax School: An educational series from Cornell Cooperative Extension Farm Business Management Specialists offering courses designed to inform and empower farm managers to better understand their tax obligations, management strategies, and improve farm profitability. This consists of four courses offered October 2021 - January 2022. For more information, visit tinyurl.com/ccetaxschool.

COST: Each course has its own fee. See below for more information regarding our program scholarships.

REGISTRATION: Register online by visiting tinyurl.com/ccetaxschool. This is REQUIRED three business days in advance of the workshop. You can register for one, some of, or all courses. Following your registration, you will receive a confirmation email and an invitation to complete a pre-course survey. This survey will help our instructors tailor the topics covered in each course.

CAN'T MAKE IT LIVE?: Sign up any and we'll send you a recording following the workshop.

TECH REQUIREMENTS: Zoom (on phone, tablet, or computer). You may also call in and request paper documents be mailed to you.

IS THIS FOR ME?: This series has options for agricultural producers of all shapes, sizes, and time in business.

SPONSORSHIP: We are currently seeking agribusiness sponsorship for this series. We will be providing all of our participants with a directory of sponsors and their financial support services offered.

Experiencing financial hardship? Attend for free! Select the "scholarship" option at payment. Support for this option is made possible by our generous sponsors.

For more information, or for assistance in finding the course that is right for you, contact your regional Farm Business Management Specialist or any of the following planning team members:

  • Bonnie Collins, CCE Oneida County, 315-335-4268, bsc33@cornell.edu
  • Steve Hadcock, Capital Area Agriculture and Horticulture, 518-380-1497, seh11@cornell.edu
  • Elizabeth Higgins, Eastern New York Commercial Horticulture, 518-949-3722, emh56@cornell.edu
  • Mary Kate MacKenzie, South Central New York Dairy and Field Crops, 509-294-6073, mkw87@cornell.edu
  • Dayton Maxwell, Capital Area Agriculture and Horticulture, 518-380-1498, dtm4@cornell.edu
  • Joan Petzen, Northwest New York Dairy, Livestock, and Field Crops, 716-378-5267, jsp10@cornell.edu
  • Katelyn Walley-Stoll, Southwest New York Dairy, Livestock, and Field Crops, 716-640-0522, kaw249@cornell.edu

Cornell Cooperative Extension is an employer and educator recognized for valuing AA/EEO, Protected Veterans, and Individuals with Disabilities and provides equal program and employment opportunities. For accommodations and accessibility concerns, please Katelyn Walley-Stoll by calling 716-640-0522. This information is for educational and reference purposes only and is not a substitute for sound legal counsel and tax preparation. Cornell Cooperative Extension is dedicated to proving research-based information to our agricultural producers. Every effort has been made to provide correct, complete and up-to-date recommendations. Changes occur constantly and human errors are possible.




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