Farm/Ranch Estate and Business Planning in a Time of Uncertainty

Washburn University School of Law presents "Farm/Ranch Estate and Business Planning in a Time of Uncertainty" on Friday, October 8, 2021 at the University of Wyoming College of Law in Laramie, Wyoming. This program is appropriate for attorneys, certified public accountants, enrolled agents, and tax practitoners.

Washburn Law is an NASBA certified CPE provider. Accountants are advised this program qualifies primarily as Group Internet Based "GIB" but will also be offered in the Group Live "GL" format. Online attendees will answer 3 questions per hour to qualify for GIB credit.

This program may be attended either in person or online
In-person attendance is limited to 100 individuals.
(see "Information for Online Attendees" in the sidebar).

Register and Pay Online

NOTE: All times shown below are Mountain Time (ET); e.g., 8:00 a.m. MT = 10:00 a.m. Eastern Time = 9:00 a.m. Central Time = 7:00 a.m. Pacific Time.

About the Presenter

Photograph: Roger McEowen.Roger McEowen, J.D., Professor of Agricultural Law and Taxation at Washburn University School of Law in Topeka, Kansas. He is a member of the Iowa and Kansas Bar Associations and is licensed to practice in Nebraska. McEowen publishes the online Washburn Agricultural Law and Tax Report (WALTR) which focuses on legal and tax issues that agricultural producers, agricultural businesses, and rural landowners face and he maintains the Agricultural Law and Taxation Blog. He is also widely published in law reviews and agricultural law publications and conducts agricultural tax and law seminars across the country. McEowen is also heard weekly on RFD-TV.
Learn more about Roger McEowen.

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Schedule

Friday, October 8, 2021

9:15-9:45 a.m. — Registration

9:45 a.m. — Introduction and Announcements

9:50-11:05 a.m. — Tax Legislation, Policy and Implications for Clients: What Now? [75 minutes tax update CPE]

This session will examine income tax, estate and gift tax, capital gain, basis proposed legislation that has been proposed in 2021. The potential for dramatic change in tax policy creates many issues for tax practitioners and their clients. What are the most important areas that impact tax planning for clients? What is the impact on capital gains tax rates? Is Social Security planning affected? How should clients be advised? What tax planning techniques should be taken to minimize the impact of higher effective tax rates. This session will be comprehensive in nature and provide the clearest roadmap possible at the time for a path forward for clients.

11:05-11:55 a.m. — Special Use Valuation: Key Concepts [50 minutes tax law CPE]

With the possibility of a decrease in the federal estate and gift tax exemption equivalent of the unified credit, the federal estate tax becomes an issue for a higher percentage of farming and ranching operations. This session outlines the key issues for estate planners doing pre-planning for the possibility of an election in a decedent's estate and issues that can arise post-death.

11:55 a.m.-12:40 p.m. — Luncheon

12:40-1:30 p.m. — Corporate Reorganizations: Divisions and Split-Ups [50 minutes tax law CPE]

The possible changes in the laws surrounding estate and business planning as well income tax planning may make it necessary for the planner to change the existing structure of a client's farming or ranching operation. This session examines the rules for a divisive reorganization, including the planning considerations when a lease is involved. Also addressed are the documentation requirements for a Type-D reorganization.

1:30-2:20 p.m. — Succession Planning in a Realm of Uncertainty [50 minutes tax update CPE]

The proposed changes in federal tax laws bear on succession planning for clients. What is the proper structure of the business given potential changes in corporate tax rates, the elimination of the QBID, removal of self-employment tax savings via S corporations, and elimination of valuation discounts, GRATS and ILITS? This session ponders the future and how clients can be advised.

2:20 p.m. — Adjourn

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Program Learning Objectives

Learning Objectives for the program:

This program will provide an overview of tax law provisions relating to a variety of issues that arise in Farm and Ranch Tax, Estate, and Business Planning. The program assumes attendees will have an intermediate level of expertise in the area and are generally familiar with the areas of tax law addressed by the various topical areas listed in the program.

Attendees who complete the program will be updated as to current issues in this tax practice area. They will also work through application examples in the noted subjects areas covered by the various presenters.

At three points during each hour of presentation attendees will be asked to answer questions about the presentation to confirm 1) their attendance and 2) their understanding of the material as it is presented live online.

Content, Prerequisites, Expected Participant Knowledge Level, Registration and Refund/Complaint Information

This program is an overview and update on the noted areas of tax law and practice. As noted, the program is intended for participants who have an intermediate level of knowledge in the Taxes Subject Area. Beginners may find exposure to the changes that are discussed helpful in assessing whether to engage more senior practitioners to help them with a client who may have Act-related issues. There are no specific prerequisites required to attend.

No advance preparation is required though program participants may want to review the topic areas and bring questions they would like addressed during the program.

The program will be delivered online via the Zoom platform. Specific instructions and a link to access the online program will be provided several days prior to the program to individuals who register and pay the fee. Instructions will also include information about how to access program materials.

Washburn Law is an NASBA CPE provider. The program will qualify in the taxes area for the minutes noted next to each presentation.

Instructions about how to register for this program are found at https://washburnlaw.edu/farmandranchtaxaugust (i.e., this event homepage). Individuals who are interested in this program should register through the event homepage to see any program-related updates. Information about the program refund policy and complaint resolution steps are also included on the event homepage. You may also contact the administrative staff person for this program, Donna Vilander, at (785) 670-1105.

NASBA Registration

Washburn Law is registering 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 through its web site: www.nasbaregistry.org.

Short URL for this page:
https://washburnlaw.edu/farmranchplanning

Register and Pay Online

In-person attendance is limited to 100 individuals.

Date / Location
Photograph: University of Wyoming College of Law in Laramie, Wyoming.

Friday, October 8, 2021

Location (in-person attendees):
University of Wyoming College of Law
Courtroom (Room 178)
E Willett Drive near N 19th Street
Laramie, WY 82070
(307) 766-6416
Get Directions and Maps

In-person attendees who are parking on campus will need to pay $5.50 for a parking day permit (see permit parking locations (PDF), parking is available next to the law building).

General Directions
From I-80 approaching from the east, exit 316 onto Grand Avenue, turn right at 22nd Street, turn left on Willett Drive, then after passing the Arena-Auditorium, turn left into the College of Law parking lot.

From I-180 approaching from the west, exit 310 and turn east/left on Curtis Street, continuing straight as it becomes Reynolds Street, turn right on 15th Street, turn left on Willett Drive, turn right into the College of Law parking lot.

From the south on highway 287, continue into town on 3rd Street, turn right on Grand Avenue, turn left on 15th Street, turn right on Willett Drive, turn right into the College of Law parking lot.

See below for lodging information.

Registration Fee

Credit-Seeking Attendees
Paid Through Friday, October 1, 2021
» $160

Paid Saturday, October 2, 2021 or After
» $200

See registration form.
See Washburn W-9 (taxpayer ID)


Non-Credit Seeking Attendees
Paid Through Friday, October 1, 2021

» $100

Paid Saturday, October 2, 2021 or After
» $125

Program fee includes materials in electronic form.

Registration Deadline:
Registrations will be accepted until all seats are full. Attendees must pay the registration fee prior to start of the program.

Walk-ins may be accepted the day of the program but the registration fee must be paid by check only.

Program Materials in Hard Copy

All attendees will receive access to the program materials in electronic form. The link to the electronic materials will be sent via email no later than Wednesday, October 6, 2021.

Attendees (in person and online) who would like hard copy of the materials may purchase them for an additional $40 as indicated on the registration form.

In person attendees: if purchased, hard copy materials will be handed out at the seminar.

Online attendees: if purchased, hard copy materials will be mailed as soon as they are available. Please note that you may not receive hard copy materials until after the seminar.

Non-Attendees can purchase program materials:
» $40: Hard copy
» $20: Electronic format (PDF)
» $50: Hard copy and electronic

Hard copy materials will be mailed to non-attendees as soon as they are available but may not be received until after the seminar. A download link for electronic materials will be sent after payment is received.

Continuing Legal Education (CLE) Credit
  • Kansas 4.5 hours (no ethics) (Traditional and Online).
    YOU MUST PROVIDE YOUR CORRECT KANSAS BAR NUMBER FOR CREDIT TO BE REPORTED.
  • Other jurisdictions: all other attorney attendees will receive documentation and be responsible for submitting for credit in their home state.
CPE for IRS Practice Credit
Logo: Internal Revenue Service continuing education approved provider.
  • Continuing education credit for Enrolled Agents (EAs) and Other Tax Return Preparers (OTRPs) will be reported to the IRS by Washburn University School of Law, an IRS Approved Education Provider. YOU MUST PROVIDE YOUR CORRECT PTIN NUMBER FOR CREDIT TO BE REPORTED. The program is approved for EAs and OTRPs for 0 minutes of Federal Tax Law and 225 minutes of Federal Tax Update, for a total of 4.5 hours.
CPE for NON- IRS Practice (CPAs and Accountants) Credit

Washburn Law is a NASBA certified CPE provider in GL and GIB (live / internet-based) formats. Kansas required this certification for online attendance credit. Please confirm your state does as well and you will receive attendance confirmation to submit after completion.

Information for Online Attendees

This CLE will be streamed via Zoom. There is no charge to use Zoom. The link to the program will be sent to online attendees via email.

Online attendance at this program falls under the Kansas Continuing Legal Education Commission's (KSCLE) "Live programming" definition; 12 CLE credit hours may be earned through online attendance each compliance period. See Rules and Guidelines and the FAQ at the Kansas Continuing Legal Education website for more information.

Nontraditional programming limitations may vary in other jurisdictions; it is the responsibility of the attendee seeking credit to verify any limitations.

Lodging and Dining

Attendees are responsible for making their own lodging arrangements. See Visit Laramie for lodging options.

Lunch is provided as part of the registration fee.

Cancellations

If you cannot attend the program, you may send a substitute. If you cancel your registration before midnight on Tuesday, October 5, 2021, your registration fee will be refunded. After that date, non-attending registrants will receive the course materials in electronic form and be subject to a $50 cancellation fee.

The sponsors reserve the right to cancel this program and return all fees.

Assistance for Special Needs and Other Questions

If you require special services or auxiliary aids to assist you while attending the event, please contact Alan Romero at (307) 766-2395.

Questions regarding registration or the program can be directed to Donna Vilander at Washburn Law at (785) 670-1105 or donna.vilander@washburn.edu.

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Video on Demand

Video from this program will be available at vimeo.com to rent for $150 to view during a 30-day period.

Contact Us

Washburn University School of Law
Continuing Legal Education
1700 SW College Ave.
Topeka, KS 66621
(785) 670-1105
cle@washburnlaw.edu