FARGO, N.D. — A virtual tax management program will be offered to farmers and ranchers and tax preparers from 1 to 4 p.m. CST on Nov. 30.

The program, sponsored by North Dakota State University (NDSU) Extension and the Internal Revenue Service (IRS), will feature presentations by Alan Gregerson, IRS; Russ Tweiten, Ag Country Farm Credit Services; Rob Holcomb, University of Minnesota Extension; and Jason Grunewald, Ag Country Farm Credit Services.

Experts will provide federal income tax updates and tax management alternatives.

Program topics include:

• Federal income tax update
• IRS update
• Identity theft and breaches
• Tax management upon retirement
• Net operating losses, like kind exchanges
• Drought-forced livestock sales
• Deferred crop sales
• Reporting crop insurance payments
• Qualified business income
• Tax planning in higher income years

Preregistration is required by Nov. 26. Registered attendees will receive a link to join the Zoom meeting. The cost for the virtual program and materials is $10.

Register online at https://www.ndsu.edu/agriculture/ag-hub/events/income-tax-management-ag-producers-virtual

For additional information or questions, contact Paulann Haakenson at paulann.haakenson@ndsu.edu or 701-231-7393.

— NDSU Extension