Success StoryFarm Tax Class
Farm Tax Class
Author: Heather Graham
Planning Unit: Wolfe County CES
Major Program: Farm Management
Plan of Work: Beef & Forages
Outcome: Initial Outcome
In February 2017 a Farm Tax Class was held for residents of Wolfe County. A CPA from a neighboring county that is familiar with farm taxes taught the class.
24 people came to the class. 22 participants completed a post evaluation immediately following the class. 20 participants indicated that they gained knowledge about categorizing farm income. 17 participants gained knowledge about how long to keep records. 19 participants gained knowledge about the basic of depreciation.
After the 2018 tax season (as some participants had already filed taxes before the class in 2017), a follow-up survey will be sent to determine if participants have noticed tax savings after applying knowledge gathered from class.
There has even been interest shown in having another class to go further in depth.
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