New Online CPE Course on Schedule F—Farms from APlusCPE

DALLAS - Oct. 28, 2014 - PRLog -- According to the Department of Labor and Statistics, there are currently over 2.1 million farms in the US. With this many farms, tax preparers and accounting professionals in all states need to know how to properly calculate and account for the various aspects that go into running a farm. APlusCPE’s new course, Understanding Schedule F – Farms, will educate tax and accounting professionals about the unique circumstances surrounding the reporting of farm activity on Schedule F, as well as provide helpful tips for professionals with clients owning farms.

Understanding Schedule F – Farms is a video-based course, presented by well-known author, presenter and part-time farmer Larry Gray, CPA. Throughout the course, Mr. Gray gives numerous examples from his own experience as a farmer and preparer of tax returns for farms of different types. Upon conclusion of this course, students will be able to:

Recognize the different types of income and expenses that farming enterprises may receive or incur and identify the correct methods and forms used for reporting.
Detect the main issues that may lead to the audit of a farm tax return, including hobby loss and passive activity rules.
Identify the correct methods for reporting assets related to a farm enterprise, including the general rules for depreciating livestock.

This new course is available for only $15.95 at www.APlusCPE.com! It is approved to meet 4 hours of CPE requirements for Enrolled Agents, Tax Preparers, and CPAs in select states.

About APlusCPE^®: APlusCPE, a service of WebCE®, delivers continuing professional education courses to CPAs, Enrolled Agents, and registered tax preparers. APlusCPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.