A University of Missouri Extension workshop will help farmers and ranchers learn about tax updates.

The sessions, offered in December at nine sites, will cover updates on livestock tax issues, Form 1099 requirements, sale and exchange of farm property and other topics.

MU Extension specialists will share important changes that will affect taxes for farmers and ranchers in the near future. These include the sunsetting of increased estate and gift tax exemptions and expiration of other key income tax provisions. Other topics include employee vs. independent contractor, livestock tax issues related to drought, depreciating and expensing farm assets and sale and exchange of farm property.

MU Extension agricultural business specialists Mary Sobba, Rachel Hopkins, Amie Breshears, Wesley Tucker, Denice Ferguson, Katie Neuner and Jason Morris will facilitate the workshops at nine locations throughout the state on December 12 and 13. Workshops also will be available via Zoom.

Sessions will be held 6:15 to 8:45 p.m. Tuesday, December 12, in St. Robert, Montgomery City, Sedalia and Bolivar. Register for these sessions at http://muext.us/farmtaxdec12.

Sessions also will be offered 1 to 3:30 p.m. Wednesday, December 13, in Maryville, Ste. Genevieve, Shelbyville, Warsaw and Fredericktown. Register at http://muext.us/farmtaxdec13.

For more information, call Mary Sobba at 573-581-3231.