UNIVERSITY PARK, Pa. — Penn State Extension is partnering with Ag Choice Farm Credit to offer a webinar, titled “The Importance of Tax Planning on Farm Operations,” on Wednesday, December 9, 2020, 8:00 a.m. to 9:30 a.m. Learn about tax strategies and planning related to COVID-19 assistance by registering at https://extension.psu.edu/the-importance-of-tax-planning-on-farm-operations.
No one needs to remind you that 2020 has been a year like no other. As much as we all want to wish it away, one thing to make sure to do before the end of the year is tax planning. Agriculture businesses have had access to unprecedented programs this year, bringing funds into operations that are not normally a factor. Taking time to meet with your accountant and putting together a tax strategy can significantly help agricultural producers manage those funds and the corresponding tax liability. For an introduction or refresher into various tax strategies, join John Black, ag business consultant with AgChoice Farm Credit, as he explains the importance of tax planning.
The webinar is free for all participants. To learn more or to register for the December 9 webinar, visit https://extension.psu.edu/the-importance-of-tax-planning-on-farm-operations or call 1-877-345-0691. You will receive instructions for accessing a webinar after registration. If you prefer to participate by phone rather than a computer, those instructions will be included.
–Tara A. Baugher, Penn State Extension