New Tax Guidance on 199A: An Overview of Its Impact on Ag Producers

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New Tax Guidance on 199A: An Overview of Its Impact on Ag Producers

11/1/2024 09:12 AM - 09:12 AM (CT)

You need to know how tax reform and the new guidance on Section 199A will impact you. 

The Tax Cuts and Jobs Act (TCJA) of 2017 brought sweeping changes in tax law for businesses, trusts and individuals. While many of the changes are beneficial for ag producers, it’s important to examine how they will impact your short- and long-term goals — especially considering the IRS recently issued additional guidance on Section 199A, clarifying some of the gray areas created by the TCJA. 

Please join us for this complimentary webinar designed specifically for ag producers, which will provide a high-level and practical look at the impact of the TCJA and the new guidance on Section 199A. 

Topics will include:

• Some of the major changes created by the TCJA
• Section 199A and how it applies to cooperatives
• Accounting method changes
• Business entity structure 
• Wages paid to children
• Depreciation and expensing

With a greater understanding of the applicable changes, you’ll be better prepared for discussions with your tax professional about how you can improve your tax position for 2018 and future years. 

There will be an opportunity for Q&A following the presentation.