Farm Tax Webinar Recordings & Resources
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The Chatham County Center of North Carolina Cooperative Extension conducted a Farm Tax Webinar Series in early 2024 for farmers, nursery growers, beekeepers, and other ag professionals. Each webinar was approximately two hours long and included a presentation plus a question and answer session.
All four webinars are available for viewing. The first three were taught by Guido van der Hoeven. The last webinar was taught by Andrew Branan. Their bios are provided at the bottom of the page below the Resources section.
Webinar Recordings:
North Carolina Resources
Understanding Sales and Use Taxes on Agricultural Products – NC Department of Revenue
Sales and Use Tax Bulletins – NC Department of Revenue
Registration for Sales Tax Remittance – NC DOR
Video: Online File & Pay – Sales and Use Tax Due in One County in NC
Video: Online File & Pay – Sales and Use Tax Due in Multiple Counties in NC
Present Use Value Program Guide
NC State Extension Resources
Agricultural and Natural Resource Law Portal
New Workbook: So You Inherited a Farm
Getting into Farming: a Workbook for Beginning Farmers in North Carolina
Farm Succession and Transfer Resources
Leases and Farm Tenure Resources
Estate Planning and Administration Resources
Zoning for Farming and Forestry Resources
Business Organizations and Agreements
Taxes, Licensing, and Zoning Resources
Employment and Labor Resources
Limited Liability Companies: Steps in Formation
Present Use Value: Why it Matters – NC State Extension
Present Use Value: The Basics of Agricultural and Forest Use Property Tax – NC State Extension
Present Use Value Program a Benefit for Qualified Farm and Forest Landowners – NC State Extension
Present Use Value: Transferring Property Enrolled in Present Use Value Property Taxation
Federal Tax Resources
Agricultural Employer’s Tax Guide
Other Farm Tax Education Resources
Farm Tax & Business Resources
Center for Agricultural Law and Taxation at Iowa State University
Finding a Tax Preparer
North Carolina Chapter of the National Society of Accountants
North Carolina Chapter of the National Association of Tax Professionals (NATP)
North Carolina Association of CPAs
Commonly Used Business Income Tax Forms
Schedule F: Profit or Loss from Farming
Schedule C: Profit or Loss from Business
Schedule E: Supplemental Income and Loss
Form 1065: Partnership Tax Return (LLCs too)
Form 1120-S: Sub-S Corp Tax Return
Supporting Tax Forms to Business Returns
Form 4562: Depreciation and Amortization
Form 4797: Sale of Business Assets
Form 6252: Installment Sale Income
Schedule SE: Self-Employment Tax
Schedule D: Capital Gains and Losses
Form 8949: Sales and Other Dispositions of Capital Assets
Other Common Tax Forms for/used on Individual Tax Returns
IRS Form 1040: Individual Tax Return
Schedule 1, Form 1040: Additional Income and Adjustments to Income
Schedule 2: Form 1040: Additional Taxes
Schedule 3: Form 1040: Additional Credits and Payments
Schedule A: Itemized Deductions
Schedule B: Interest and Ordinary Dividends
Informational Returns Commonly Used in Agriculture
Presenter Bios:
Guido van der Hoeven retired as an Extension Specialist/Senior Lecturer in the Department of Agricultural and Resource Economics at North Carolina State University in 2019. Guido’s Extension responsibilities included: income taxation of individuals and business entities, farm business management and the profitable continuation of “family firms” to succeeding generations. Guido van der Hoeven currently operates a consulting business, vdH Consulting, in which he is the Principal Consultant. VdH Consulting offers tax education, tax planning, business succession planning, and general rural business strategy. Van der Hoeven serves as President of the Land Grant University Tax Education Foundation, Inc. which publishes a ~650-page text for income tax training of professional tax practitioners and a ~220-page text focusing on Agricultural Taxation.
Robert Andrew Branan, JD is an Associate Extension Professor with the Agriculture and Natural Resources (ARE) Department of the College of Agricultural and Life Sciences, North Carolina State University. Andrew is a legal educator/researcher in agriculture with 20+ years experience working across North Carolina and the Southeast, including private and non-profit law practice in agricultural land use, environmental and natural resource law. His focus on farm succession, agribusiness and taxation, farmland preservation, land use regulation, water and natural resource protection, and heir property issues has placed him in speaking and community resource roles across the North Carolina. His campus courses include Environmental Law and Economic Policy and Agriculture Law. Prior to joining ARE, Andrew’s solo law practice served farmers, landowners and food entrepreneurs across North Carolina and Virginia on matters of business planning and management and asset transfer. He has authored the workbooks Planning the Future of Your Farm and So You Have Inherited a Farm, the latter focusing on co-tenancy resolution. Andrew graduated from Hampden-Sydney College in Virginia with degrees in Economics and History and earned his juris doctorate from Wake Forest University Law School. He lives with his family in Chapel Hill, North Carolina.