Berks Ag Event Calendar
Find your next event here, from credit courses to weekend family fun! This calendar is a community effort to benefit farmers and non-farmers alike! Browse events by photo tiles, list, or calendar view. Search by titles, topics, audience or other criteria. Click the event title for more details on each event.
Transitioning the Farm: Hobby Versus Profit Tax Rules
July 23 @ 12:00 pm - 1:00 pm
ABOUT THE LIVE WEBINAR
When taking over or inheriting a farm enterprise, it is critical to understand whether the operation qualifies as a legitimate business or is merely considered a hobby in the eyes of the IRS. This distinction carries significant financial implications, particularly regarding the deductibility of expenses. In this informative webinar, participants will learn how to position their farm as a credible business venture and implement practices that demonstrate a clear profit motive. Whether you are exploring a new agricultural endeavor or stepping into an existing one, this session will provide valuable guidance to help ensure your farm meets the IRS standards for a bona fide business.
WHEN
July 23, 2025
(12:00 PM-1:00 PM ET)
Register By: July 23, 2025
See event fee details.
Who is this for?
Farmers undergoing farm transition
Retiring farmers
New and beginning farmers
Any farm-, food-, or natural-resources–based business owners
What will you learn?
The difference between a hobby and a farm
The “three out of five years” rule
Best practices to keep personal and business finances separate
How to avoid adverse tax consequences
Registration is required to receive the link to access the webinar.
A link to the recorded webinar will be emailed to registrants within ten business days after the live event. The recording will be accessible for six months from the event date.
Register By
July 23, 2025
If you have a change to an already submitted event or need to cancel and remove your event on our calendar, please contact DepartmentofAg@CountyofBerks.com