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Reducing Taxes Through the Schedule C
March 25 @ 4:00 pm - 5:00 pm MDT
Small farms will typically fill out a schedule F for their farm activities. However, Cares Act funding has many of you doing non-farm activities. To make sure you pay the least amount of taxes on these funds, you should file a Schedule C and deduct eligible expenses.
In this webinar, Mark Thompson from the IDRS Acorn Project will discuss what the Schedule C is and who it is for, how to fill it out, and when and how to file it.
This is the second workshop in the Ag Recordkeeping Series.
The workshop will take place on Thursday, March 25th at 4:00 pm Mountain. This workshop will be delivered online utilizing the Zoom platform. The workshop can be taken on computers and smartphones.
About our presenter:
Mark Thompson serves the Executive Director of Indian Dispute Resolution Services. He also guides the IDRS Acorn Project, IDRS’ microenterprise development program, where he provides entrepreneurial training and technical assistance to Native American entrepreneurs and works with businesses operated by Native American tribes to conduct feasibility studies, develop business plans, establish internal accounting procedures and secure grant funding to further economic development through the creation of small businesses in Indian Country.
Outside of his work for IDRS, Mark has formally been involved in several small businesses including a real estate company, a restaurant, and a mobile disc jockey service. Mr. Thompson received his BS in Business from University of California, Berkeley and completed the Juris Doctorate degree from the University of the Pacific, McGeorge School of Law in Sacramento. He lives outside Sacramento, California where he and his wife Mandi operate a small horse boarding facility and are raising two children, Zane and Marina.
This webinar is only open to the Diné College farmer cohort.
This webinar is sponsored, in part, by the USDA Rural Development, Diné College, and Tolani Lake Enterprises.