Indiana farmers and others with an interest in agriculture will have an opportunity to learn about recent tax law changes and tax planning options from 7:30 to 9:30 p.m. on Thursday. Purdue University Extension will present a discussion of year-end tax planning and management implications of recent tax law changes. The program, carried over IP Video, will be available at the Vermillion County Extension Office in the Courthouse at Newport.
There is no charge for the program, and handout materials will be available. Participants will have the opportunity to ask questions by computer, telephone, or e-mail.
To register, contact Agriculture and Natural Resources Educator Amanda Bailey at 1-800-340-8155 Ext. 147 or (765) 492-3394.
George Patrick, Purdue University Extension economist, and David Frette, CPA, will review recent tax changes which affect most individuals. They will also review basic depreciation options, explain the 50-percent additional first-year depreciation and expanded Section 179 expensing. Examples will illustrate the depreciation management alternatives available for producers for 2008. Procedures to allow the deferral of income from commodity sales in 2008 to the 2009 tax year will be explained. Procedures to be followed to be able to prepay 2009 input purchases and to be able to deduct these expenses in 2008 will be reviewed. Farm income averaging and how it can be used will be discussed.
Local & Bistate
Learn about tax law changes in agriculture at Newport program
- Local & Bistate
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Patriotism & Honor
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Graduation turns to mourning in Clinton
Jeana Lunsford’s graduation from South Vermillion High School Saturday should have been a time of celebration.
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School choice proponents foresee growth of vouchers
Twenty-seven Vigo County students benefited from tax-supported vouchers during the first year of the Choice Scholarship Program, and that number is expected to grow for 2012-13, say Indiana school choice leaders who visited Terre Haute Thursday.
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Tales of obstruction meet first takeover attempts
A decade after Indiana legislators gave the state the power to take over chronically failing schools, the first implementation of the law is meeting with resistance, skepticism and questions about its costs.
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THE OFF SEASON: Raising a flag for my father, veteran or not
My daughter, Ellen, and I stood at my parents’ graves on Mother’s Day a few weeks back and talked about how it couldn’t possibly have been so long since we lost them. My dad, for instance, has been gone for 16 years, and that is nearly unimaginable
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3 rescued from burning residence
Quick action on the part of some first-responders is credited with saving the lives of three people in a Vermillion County fire early Saturday morning, according to the Vermillion County Sheriff’s Department.
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He never forgot a name: Friends remember victim of fire at Garfield Towers
When Freddie Poore met you, he never forgot you.
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Hometown boy embraces ‘Promise I Made’: Clinton native Ken Kercheval takes role in Dreams Come True production
Thanks to some help from a hometown boy in Hollywood, “This Promise I Made” is still on track to be kept in Clinton.
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STATE OF THE STATEHOUSE: Many say they don’t vote in primary because of tag that comes with it
A couple of columns ago, I posed a question about why most Indiana polling places on primary election day had so few customers.
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Police looking for convenience store robber
Police are seeking a robbery suspect following a Saturday morning armed robbery at the Jiffy MiniMart at 25th Street and Eighth Avenue.
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Graduation ‘responsibility’: Rose-Hulman stages 134th commencement exercises
Inventor Dean Kamen gave a first-hand demonstration Saturday of how to be an innovator.
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THE OFF SEASON: To the seniors, one last lecture before you go …
It dawned on me one day last week, as I sat at my desk in my teacher clothes and shoes, a stack of ungraded essays calling to me from a rather tall and depressing pile, that I hadn’t missed a high school graduation in 33 years.
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Water rescuers
Emergency personnel wheel a man who was removed from a vehicle that had been driven into the water at Crystal Lake on Boston Avenue near 14th Street at about 9 p.m. Friday.
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For many, camping outdoors is the way to beat the heat, enjoy nature
Stringing up fishing poles in the shade of American flags, households full of Hoosiers are packing into parks across the state this weekend.
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Towns along National Road readying for next week’s miles-long yard sale
Stretching 824 miles from Baltimore to St. Louis, the National Road — known as U.S. 40 through Indiana — will soon be the host site for perhaps the longest bargain market in the country.
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Rose grads honoring late president Branam at commencement today
Rose-Hulman Institute of Technology’s Class of 2012 will honor the memory of Matt Branam during today’s commencement ceremony by wearing special pins with the phrase “Make It Happen; Make It Fun,” a favorite saying of the former Rose-Hulman president, who died unexpectedly on April 20.
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Vigo County Jail Log: May 26, 2012
The following individuals were booked into the Vigo County Jail by area law enforcement on Thursday and Friday, based on jail records. Charges are recommended by arresting officers but are not final until the Vigo County prosecutor reviews the case and files official charges.
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A fallen soldier returns home
An Army carry team moves a transfer case containing the remains of Spc. Arronn D. Fields early Thursday morning at Dover Air Force Base, Del.
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Official touts trade with northern neighbor
A top Canadian diplomat told a Terre Haute audience Thursday his country was “disappointed” when President Obama at least temporarily rejected a proposed transcontinental oil pipeline from Alberta to Texas.
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Caution urged for summer’s kickoff
Lane restrictions in construction zones on Interstate 70 and other highways around the state will be lifted to accommodate holiday travel for the Memorial Day Weekend.
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Letters delivered
Several positions will be eliminated this summer at the Terre Haute mail processing facility as the U.S. Postal Service begins moving the operation to Indianapolis, a U.S. Postal Service spokesman has confirmed.
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Companies seek Vigo tax abatements
Two Vigo County companies are seeking tax abatements for expansion projects, one of which is included as part of a county incentive package.
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High-speed chase suspect caught in West Virginia
The suspect in a cross-country, high-speed chase originating in Terre Haute last week was reportedly in federal custody Thursday evening.
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Second victim of deadly I-70 semi-trailer crash identified
The Vigo County Coroner’s Office has identified the passenger of a semi-tractor crash on May 16 in the eastbound lanes of Interstate 70 near the 12-mile marker.
- VIGO COUNTY JAIL LOG: May 22-24, 2012
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Burn ban in effect for Vigo County through holiday weekend
Vigo County officials have issued a burn ban effective Thursday and remains in effect until 8 a.m. Tuesday.
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Brazil remembers a Fallen Son
A small town seemed sadly quiet Wednesday, waiting to honor a local fallen warrior.
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ISU OKs four-year degree guarantee
Indiana State University has announced a four-year “graduation guarantee” for students enrolling this fall and beyond.
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Dems tout good side of compromise
Indiana Senate Minority Leader Vi Simpson, chosen to run as the Democratic candidate for lieutenant governor with gubernatorial candidate John Gregg, said during a stop Wednesday in Terre Haute that bipartisan experience is a key factor in creating jobs and legislation to help Hoosiers statewide.
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Motorcyclist dies, motorist charged after accident
A Terre Haute man has died of injuries he sustained in a two-motorcycle, one-car crash that also injured another motorcyclist late Tuesday. The incident has led to the arrest of the car’s driver.
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