Virtual workshop series to cover tax basics, strategies for farmers

Cultivating Clarity: Understanding Farm Taxes is an upcoming virtual workshop series to teach the basics of tax planning for agricultural operations.

This two-part Extension workshop is designed to help farmers and farmland owners gain a clearer understanding of tax planning essentials. This series will be held from 7:00 to 8:30 pm Eastern time on Dec. 1 and Dec. 8. 

Whether you're new to farm taxes or looking to sharpen your approach, this workshop will provide valuable insights to help you make informed financial decisions.  A comprehensive range of tax topics relevant to agricultural producers will be covered, including an introduction to income taxes, the differences between cash and accrual accounting, utilizing a Schedule F., practical tax strategies tailored to agricultural operations, and more. 

There is a $20 fee to register, which is required by Nov. 30.  Individuals can register online at <https://tinyurl.com/3u2kncn6>.  Participants are encouraged to attend each workshop. If you have any questions, please contact Purdue Extension Putnam County at smith535@purdue.edu or 765-653-8411.  Zoom videoconferencing access and a stable internet connection are required to participate. Sessions will be recorded and the recordings will be shared with all registered participants. 

If you are in need of accommodations to attend this program, please contact Jenna at 765-653-8411 or smith535@purdue.edu by November 20.  Purdue University prohibits discrimination against any member of the University community on the basis of race, religion, color, sex, age, national origin or ancestry, genetic information, marital status, parental status, sexual orientation, gender identity and expression, disability, or status as a veteran. 

Upcoming Events:            
Nov. 28 & 29 – Extension Office closed for the holidays
Dec. 1 & 8 – Cultivating Clarity: Understanding Farm Taxes, 7-8:30 pm, $20, register at 
                     https://tinyurl.com/3u2kncn6 
Dec. 16 – December PARP, 9-11:30 am, Endeavor Communications, register at 
                https://tinyurl.com/2hht4cvv