Farm Tax Workshop
Kuha`o Business Center News Release
There will be a Farm Tax Workshop held Nov. 6, 2014 from 3:30 p.m. to 5:30 p.m. at the Maui Economic Opportunity (MEO) Business Development Classroom. Michael Holl will be the returning to Molokai to speak to farmers and ranchers about business taxes. This workshop will help you manage your labor, financial and legal risks. Holl, who is from Oahu, is an enrolled agent who is a federally-authorized tax practitioner, licensed by the U.S. Department of the Treasury to negotiate with the IRS on behalf of taxpayers.
The Molokai Farm Tax Workshop is designed to enable farmers to lower their tax liabilities by better understanding business deductions, tax preparation, and record keeping to minimize taxes and the chances of an audit, business entities for your farm, how employment laws and independent contractor requirements affect your business, and special provisions in the tax code regarding farm income averaging to significantly lower taxes resulting from “bumper” crops.…