Register Today for Free Webinars on Hobby Losses and Form 1099
Filing taxes for an agricultural operation can be challenging, and many producers may not have the funds to hire accountants or tax professionals to assist. USDA’s Farm Service Agency (FSA) and Oklahoma State University are offering two free webinars:
Monday, October 17, 2 p.m. Eastern: Hobby Losses. When filing an income tax return, it is important to determine if a venture is a business or hobby. Join USDA and JC Hobbs, Associate Extension Specialist from the Department of Agriculture Economics, Oklahoma State University to learn how to determine and calculate hobby losses for tax purposes. Register here.
Thursday, November 17, 3 p.m. Eastern: Form 1099 Information Returns. The 1099 tax form is used to report various forms of income (other than wages, salaries, and tips) to the Internal Revenue Service (IRS). Agriculture producers may both receive Form 1099 information returns and be required to issue them. Join USDA and Rob Holcomb Extension Educator from Agricultural Business Management University of Minnesota Extension and Kevin Burkett, Extension Associate for Clemson University, for a producer educational webinar. Register here.
