Plowing Through the Tax Weeds: Income Tax Reporting for Farms and Ranches
Tuesday, July 14, 2026 · 2:00 – 3:40 PM ET
You have one year from airing date to use this course as credit.
Continuing Education
CPE Program Knowledge Level: Overview
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-00181
IRS/RPO Approved Program
#7ZBUJ-T-00137-26-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-T-00137-26-S (QAS Self Study) Archive
Federal Tax Law (2 Hours)
Program Content
This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page
The program, through a lively round-table discussion and real time interaction with the audience, examines how farm and ranch operations are taxed. Panelists will discuss how income and expenses from produce and livestock are determined and the special income averaging provision that may be available. Panelists will examine how timber operations are taxed and how depletion is determined. The panel also will take a look at the urban farmer and any tax issues that may arise.
By the end of the program, participants will have a practical understanding, through accurate, current, and effectively designed communications, of how farmers and ranchers are taxed, the special income averaging available to those in the business of farming, and the proper determination of income from timber operations.
Program Learning Objectives
- Identify how income from produce and livestock is determined and reported for federal income tax purposes.
- Identify the unique deductions and tax incentives available to the farmer and rancher.
- Identify how timber income is determined and how depletion is applied.
- Identify any tax issues that arise from activities such as community gardens, raising urban chickens, and participating in consumer food co-ops.
Program Outline
Farm and Livestock Income
- Sale of produce and animals
- Crop shares and land rents
- Agricultural Program Payments
- Cooperative Income
- Schedule F
Income Averaging
- Taxpayers eligible
- Elected farm income
- Tax calculation
- AMT
- Schedule J
Farm and Livestock Expenses
- Common deductible expenses
- Special deductions for agriculture
- Capital expenses
- Farm loss
- Disaster losses
- Hobby loss rules
Disposition of Farm and Ranch Property
- Ordinary or Capital
- Like-kind exchanges
- Sale of entire farm
The Urban Farmer
- Community gardens
- Urban chickens
- Consumer co-ops
Panelists
Moderator
Alan Pinck, EA
A. Pinck & Associates
Alan Pinck is an Enrolled Agent with over 30 years of tax preparation experience in the San Francisco Bay Area. He has built a practice specializing in individual, small business tax preparation and audit representation. You have seen Alan presenting at NTPI events, CSEA Super Seminar, Spidell Publishing as well as a variety of other presentations for tax groups and small business associations. Having represented thousands of tax returns in audit, Alan has obtained tremendous insight of the audit process as well as knowledge on a wide variety of tax issues.
IRS Panelists
Coming soon...
Industry Panelists
Coming soon...
Content Consultant
David F. Windish, J.D., LL.M
Content Consultant
David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the Institute for Business Planning.
Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.
Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.