The WVU Extension Service will partner with the Agriculture Department at the Tucker County High School Career Center to host a Free Farm Tax Class on November 21st at 6pm at Tucker County High School. The information will be presented by Tom McConnell from WVU Extension’s Small Farm Center. The perspective of this workshop is to enlighten participants as to how to manage tax liability with regard to the many advantageous options that landowners can benefit from. This list includes spousal employment, accurate accounting of USDA conservation payments, and sub-section 179 deductions, to name a few.
This informal class setting will operate under the premise that many farm couples are too busy keeping their operations, families, and lives organized to realize that they “don’t know what they don’t know” about tax management. They usually dread taxes, so they put off completing their reporting until near the tax deadline. This practice denies them the pre-paid expense option which allows them to truly manage not just pay their taxes.
Tom McConnell, the center program director, has taught tax management classes to the Farm Service Agency series, Annie’s Project participants, and at several conferences across the United States including the Grow Power conference in Wisconsin, Risk Management Education Conference in Atlanta, Ga., and annually at the North-South Institute Conference each January in Tampa, Fl. We encourage all landowners and woodlot owners to attend this informative and valuable session. This is truly a unique opportunity to learn from the experts BEFORE taxes are due! For more information please contact Jennifer Poling at the WVU Extension Office at 304-478-2949 x. 209 or Terry Hauser or JR Helmick at 304-478-3111.
