This is a FREE event but we ask that you RSVP.
Are you the owner of a small farm, or thinking of starting one? Are you making the most of the nuances in the tax code as it relates to your small farm – or do you want to navigate the tax code to your full advantage?
Join us Tuesday, May 16 (6-8pm) at the Sedalia Center in northern Bedford County for a community potluck and talk by professor of law and owner of Wolf Hill farm, Rodney Chrisman, as he provides an overview on small farm tax basics.
Some tax and related issues relevant to small farms that will be discussed include:
- Tax considerations when starting a farm enterprise.
- Who is a farmer for tax purposes.
- Typical farm tax deductions.
- Farm tax losses including the requirements of the IRS with regard to being a trade or business for tax purposes and with regard to limitations on hobby losses.
- Question and answer time. Bring your questions!
About The Speaker
Rodney Chrisman is a professor of law at Liberty University School of Law where he teaches primarily in the areas of business, commercial, taxation, and transactional law. Prior to moving to Central Virginia and joining Liberty University, Prof. Chrisman earned his bachelor’s degree in Accounting from Eastern Kentucky University, summa cum laude, and his Juris Doctor degree from the University of Kentucky College of Law, magna cum laude. Prof. Chrisman practiced law initially at a large firm in Lexington, Kentucky. Upon leaving the large firm, he operated his own law practice that centered upon representing closely held businesses and their owners.
Prof. Chrisman is widower with nine children. He and his family live on an 86-acre working farm called Wolf Hill in Bedford, Virginia, where they raise primarily chickens, cattle, and pigs.
WHEN: Tuesday, May 16 (6-8pm)
WHERE: Sedalia Center (northern Bedford County, Virginia)
1108 Sedalia School Rd, Big Island, VA 24526
WHO: Anyone! All are welcome.
WHAT TO BRING:
– A dish to share.
– A friend (of course)!
– Your own dishware.
– Kids are welcome but they must be attended by an adult.
– Your questions related to small farm taxes.
PLEASE NOTE: THIS IS AN INDOOR EVENT.
If you or your family members are under the weather, or not feeling well, we ask that you stay home and rest 🙂
ABOUT THE VENUE:
The Sedalia Center is a non-profit rural arts center for the exploration of The Art of Living and The Living Arts. Founded in 1991 by artist Annis McCabe and her husband, local beloved medical doctor and equine enthusiast Bill McCabe, The Sedalia Center hosts many festivals and events focused on inspiring creativity, the arts, and learning to live a more locally rooted life.