myCPE

Farming and ACA 1.5 Credits

May 15, 2024, 03:30 PM ET

Farming and ACA 1.5 Credits

  • Rating

    4.4

  • Published on

    December, 1969

  • Subject Area

    Taxes

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
May 15, 2024, 03:30 PM ET

Learning Objective

  • To gain an in-depth understanding of farm income and expense reporting, including Schedule F and Schedule E.
  • To explore advanced tax strategies unique to farming, such as income averaging and depreciation of farm assets.
  • To explain UNICAP rules.
  • To discuss the complexities of livestock valuation and depreciation for tax purposes.
  • To analyze the unique deductions and credits available exclusively to farmers.
  • To explain the intricacies of agricultural employment taxes, including FICA reporting.
  • To analyze how to become proficient in handling tax issues related to farm labor contractors and crew leaders.

Course Overview

This is a rebroadcast and not a live webcast.

Discover the fertile grounds of agricultural taxation in this comprehensive and enlightening course. As a financial professional, this is your opportunity to delve deep into the intricacies of tax regulations as they apply to the farming industry. Whether you're an established tax expert or just starting, this CE webinar is your key to unlocking specialized knowledge that can set you apart.

This online course by Eva Rosenberg provides a thorough exploration of the unique financial landscape of farming. We'll walk you through every aspect, from understanding income averaging and depreciation strategies to navigating the complexities of livestock valuation for tax purposes. You'll emerge as a sought-after advisor for farming clients, ready to provide expert guidance on everything from Schedule F reporting to agricultural employment taxes.

The following are the major topics covered in this CE Tax Webinar:

  • Farm Income and Expense Reporting
  • Income Averaging for Farmers
  • Depreciation of Farm Assets
  • Livestock Valuation and Taxation
  • Deductions and Credits for Farmers
  • Agricultural Employment Taxes
  • Taxation of Farm Labor Contractors
  • Crew Leader Employment Regulations
  • Schedule F
  • Schedule E
  • Form 4797
  • Form 4835
  • Hobby loss rules
  • Commodity Credit Corporation (CCC) loans
  • Uniform Capitalization (UNICAP) rules
  • Section 1245 property
  • Seasonal laborers

Join us on this enlightening journey and become the go-to professional for farmers and agricultural businesses! Don't miss this opportunity to sow the seeds of success and reap a bountiful harvest of financial knowledge. Enroll now and cultivate your expertise today!

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1330) 1 CE Approved
Taxes for Personal Financial Specialist (PFS) 1.5 CPD Eligible
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Eligible
Taxes for Chartered Financial Consultant (ChFC) 1.5 CE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Taxes for Retirement Income Certified Professional (RICP) 1.5 CE Eligible
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01675-23-O) 1 CE Eligible
Taxes for Wealth Management Certified Professional (WMCP) 1.5 CE Eligible
Taxes for Financial Services Certified Professional (FSCP) 1.5 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Taxes for Chartered Special Needs Consultant (ChSNC) 1.5 CE Eligible
Taxes for Chartered Advisor in Senior Living (CASL) 1.5 CE Eligible
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1.5 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1330) 1 CE Approved
Taxes for Personal Financial Specialist (PFS) 1.5 CPD Eligible
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1.5 CPE Eligible
Taxes for Chartered Financial Consultant (ChFC) 1.5 CE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Taxes for Retirement Income Certified Professional (RICP) 1.5 CE Eligible
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01675-23-O) 1 CE Eligible
Taxes for Wealth Management Certified Professional (WMCP) 1.5 CE Eligible
Taxes for Financial Services Certified Professional (FSCP) 1.5 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1.5 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 1.5 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01675-23-O) 1 CE Approved
Taxes for Chartered Special Needs Consultant (ChSNC) 1.5 CE Eligible
Taxes for Chartered Advisor in Senior Living (CASL) 1.5 CE Eligible

Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Advance Your Accounting Career with Eva's CE/CPE Webinars

Eva Rosenberg , EA, MBA

Owner, TaxMama.com

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating

Eva Rosenberg, EA, Your TaxMama® has been teaching Enrolled Agents exam review courses off and on since developing the program for UCLA Extension over 25 years ago.

Eva has a B.A. in Accounting and an M.B.A. in International Business. Your TaxMama® has been a TaxWatch columnist for Dow Jones' www.MarketWatch.com and author of award-winning best-sellers, including Small Business Taxes Made Easy. and Deduct Everything! You can hear her on various radio stations around the country on a regular basis.  

As a speaker, TaxMama® is popular with both tax professionals and taxpayers. You can find her at www.TaxMama.com where you can subscribe to her free podcast. TaxMama is also the moderator of the U.S. Tax Court Group at LinkedIn and invites you to join.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

GC

Gary Campbell, EA

5

Very good webinar with plenty of content. Presently, I do not have any clients who are considered farmers.

JH

James Haas, CPA (US)

5

Instructor was great and materials relevant

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