Course Information

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Agricultural Taxation: Deductions
Author: Gary L. Maydew, Ph.D, CPA

Description:
This course covers deductions for agricultural entities in depth, as well as providing guidance for reporting. It also contains tax planning tips that will benefit tax practitioners with farming or ranching clients. Depreciation, amortization, and depletion are not covered in this course. Topics covered include:

  • General concepts governing deductibility
  • Labor expenses, fringe benefits, and employer-provided benefit plans
  • Repairs and maintenance; Rent expenses
  • Feed; seeds and plants; fertilizer, lime, chemical and other supplies
  • Limitation on certain prepaid costs
  • Taxes and insurance
  • Domestic production activities deduction
  • Soil and water conservation expenses
  • Other expenses, including interest expense and car and truck expenses
Course Details:
Price:  $48.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Basic
Advanced Preparation:  None
CTEC course number:  1075-CE-5489
Course was last updated on:  02/26/09
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Library:
This course does not belong to any Specialty Libraries.

Technical Requirements:
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Credit Available For: Units
CPE 3.0 CPE
QAS 3.0 CPE
Enrolled Agent (Accepted by the IRS) 3.0 CPE
CTEC Federal 3.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

User Reviews
Reviewer: Eric M. submitted on 01/31/2010
Structure and organizaiton of content.
Reviewer: Chuck B. submitted on 12/29/2009
easy to navigate
Reviewer: Robert F. submitted on 12/29/2009
the options given in the final exam questions were ambigious and in many cases the answers were not in the text. I have done over 50 of these exams and have passed all with ease. This is the first one that I failed (3times ). This course was absoulute crap. I challenge you to show where the answers to questions 2 and 7 are found in the text. The exam was poorly written and I consider myself to be cheated by the examiner.
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