Agricultural Tax Issues course

Materials

All participants will receive the PDF and printed versions of the 2026 Agricultural Tax Issues book, published by the Land Grant University Tax Education Foundation.

Class registrants can purchase the 2027 RIA Federal Tax Handbook for the discounted price of $135. The book will be available in December 2026 and will be shipped directly to your physical mailing address. The publishing company, Thomson Reuters, does not mail to P.O. Box addresses. 

Lodging

We do not provide or reserve lodging.

Cancelation policy

Read completely before registering for a workshop.

• You must request to cancel your registration at least 7 days before the scheduled session. You will be refunded, minus a $20 administration fee.
• No refunds for cancelation requests received after the 7-day late registration deadline.
• To request a cancelation, email all relevant details to [email protected].

• Earn 8 IRS-approved (CPE) continuing education credit hours
  • 1 hour federal tax law updates
  • 7 hours federal tax law and related matters
• Earn 8 Certified Financial Planner (CFP) credits
• Earn 6.5 Continuing Legal Education (CLE) hours

Chapter One – Common Tax Issues Impacting Farmers

This chapter covers the internal revenue code’s definition of farming, hobby farms, Schedule F examples, payments to family, 1099s and the farm, and farm income averaging.

Chapter Two – 2026 Legislative and Regulatory Update

This chapter highlights key federal legislative and regulatory developments affecting farmers in 2026. It summarizes important tax law changes, administrative guidance, and other legal developments that may influence reporting positions, planning decisions, and farm business operations.

Chapter Three – Third-Party Marketed Tax Strategies for Farmers

This chapter examines tax benefits often promoted to farmers through third-party providers, with a focus on the research tax credit and deductions claimed for residual soil fertility. It reviews the legal standards, common marketing claims, documentation requirements, and practical risks taxpayers should evaluate before pursuing these strategies.

Chapter Four - Like Kind Exchange on the Farm

This chapter explains the tax-deferral rules governing like-kind exchanges of farm real estate. It covers qualifying property, exchange structures, timing requirements, basis consequences, boot received, and practical issues that arise when farmers restructure or replace land holdings.

Chapter Five - Farm Corporations

This chapter addresses the tax rules and planning considerations for farming operations conducted through corporations. It covers the formation and operation of C corporations and S corporations, compensation and fringe benefits, distributions, basis and loss limitations, transfers of assets, and common issues arising in farm succession planning.

Chapter Six - Livestock Tax Issues

This chapter addresses key tax rules affecting livestock operations, including the treatment of animals held for sale, breeding, dairy, or draft purposes. It also covers common issues such as depreciation and expensing, raised breeding livestock, sales and involuntary conversions, and disaster-related tax considerations.

Chapter Seven - Financial Distress and Bankruptcy Tax Issues for Farmers

This chapter examines the tax consequences that can arise when farm operations face financial distress, debt restructuring, or bankruptcy. It covers cancellation of debt income, insolvency and bankruptcy exclusions, basis reductions, asset sales, net operating losses, and key planning issues for farmers working through periods of economic hardship.

Chapter Eight - Retirement Issues for Farmers

This chapter examines the tax and planning issues farmers commonly face as they prepare for retirement and transition out of active operations. It covers retirement plan options, contributions and distributions, Social Security considerations, required minimum distributions, self-employment tax issues, and strategies for coordinating retirement income with the transfer of farm assets and management.

Chapter Nine - Cost Recovery and Sales of Farm Assets

This chapter explains the tax treatment of recovering the cost of farm assets through depreciation, amortization, expensing, and related deductions, as well as the consequences of selling or disposing of those assets. It covers basis, gain or loss recognition, depreciation recapture, §1231 treatment, installment sales, and common issues involving farm property.

Chapter Ten - Sample Return

What type of continuing education credit will I earn for attending University of Minnesota tax courses?

We have applied for the following continuing education credits for the Ag Tax Issues course:

• Internal Revenue Service (IRS): 8 IRS credit hours
• Continuing Professional Education credits (CPE): 8 hours
• Certified Financial Planner (CFP): 8 continuing education credits
• Continuing Legal Education (CLE): 6.5 hours

The University has not been pre-approved as a provider for insurance or real estate credits. However, you may apply for credit through the Minnesota Department of Commerce, and approval may be granted.

The University’s tax course is exempt from having a NASBA provider number. According to the MN Administrative Rules 3300, the Minnesota Board of Accountancy accepts our courses for CPE credit. Participants should list “University of Minnesota” in the area for the provider number on the application.

CLEs are self-reported and should be reported through the Minnesota State Board of Continuing Legal Education. To find a course, use the course title “University of Minnesota Income Tax Short Course” and enter the start date of your respective course. The sponsor name is University of Minnesota Extension.

CFPs are reported through the Land Grant University Tax Education Foundation (LGUTEF). LGUTEF has obtained an umbrella accreditation (except for ethics) for the Certified Financial Planning Board for LGUTEF member school seminars using the National Income Tax Workbook.

Will my continuing education credits be reported to the IRS?

If you are a CPA, enrolled agent, or tax return preparer with a PTIN and would like to have your credits reported, you must provide your PTIN when you register online. After completing the course, your name, PTIN, and the number of credits you received will be reported to the IRS.

Please ensure that you use the same name on your short course registration form as you used to obtain your PTIN or you will not receive credit from the IRS.

How will I receive my certificate?

Your certificate will be emailed, so please ensure you register with your correct email address to receive it after the course.