WEBINAR: What You Need To Know About The Farm Syndicate Rule

May 13, 2019
1 pm | online

The IRS responded to its loss in the 5th Circuit in Burnett Ranches, by issuing Action on Decision 2017-17, indicating that agricultural businesses structured as limited partnerships or having S corporations in their corporate structure may be classified as farming syndicates, and thus may lose their ability to fully use cash accounting. The issues surrounding the farming syndicate rules are complex and often unclear. Farming businesses that are challenged on this basis can face massive costs defending themselves and could be subject to crippling tax penalties. All tax professionals who work with farm and ranch businesses and all owners and CFOs of businesses that may be affected should attend this webinar. Participants in the webinar will learn the history and competing interpretations of the farming syndicate rules and will learn about efforts that are underway to change these rules and protect agricultural producers.


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CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

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