Tax Update Seminar set to provide valuable year-end advice

NEWS RELEASE
Issued - November 30, 2009

ARDMORE, Okla. — The Samuel Roberts Noble Foundation will help Oklahoma's farmers and ranchers prepare for tax season by hosting a no-cost Tax Update Seminar.

The seminar will take place from 1:30 p.m. to 4 p.m., Dec. 8, 2009, at the Southern Oklahoma Technology Center, located at 2610 Sam Noble Parkway, just east of the Noble Foundation's Ardmore campus.

During the event, Agricultural Division economists Dan Childs and Job Springer will provide information, tips and advice on capital gains, deducting business use of vehicles, and depreciation and expensing, Section 179.

Doug Dean, a local CPA with vast experience in agricultural tax issues, will discuss information related to year-end tax planning, equipment purchases and prepayment of expenses. Additionally, Kerrie Allen from the Social Security Administration will discuss various Social Security topics, such as Social Security for spouses on the farm, rules that affect collecting disability and income levels that can impact Social Security benefits.

"Congress has passed several important tax laws in 2009," Springer said. "This meeting will be a great opportunity for agricultural producers to learn about these changes and other pending legislation that will have an effect on their operations and their ability to manage taxable income."

The event is offered at no charge, but advanced registration is required. You may register by contacting Tracy Cumbie at 580.224.6411 or at www.noble.org/AgEvents.

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For media inquiries concerning the Noble Foundation, please contact:

J. Adam Calaway

jacalaway@noble.org

The Samuel Roberts Noble Foundation, Inc. (www.noble.org), headquartered in Ardmore, Okla., is a nonprofit organization conducting agricultural, forage improvement and plant biology research; assisting farmers and ranchers through educational and consultative agricultural programs; and providing grants to nonprofit charitable, educational and health organizations.