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New Mexico State University

New Mexico State University

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NMSU to host navigating taxes for small farms workshop in Los Lunas on Jan. 19

LOS LUNAS ? April 15 is just around corner. It?s time to gather documents to prepare for filing income taxes. For small acreage farmers, the task includes knowing the tax laws to help them reduce their tax burden.


New Mexico State University?s Cooperative Extension Service in Valencia County is responding to a cry for help from small acreage farmers by hosting a workshop titled Navigating Taxes for Small Farms from 6 to 8 p.m. Thursday, Jan. 19, at the Valencia County CES office, 404 Courthouse Road in Los Lunas.

?We?ve had several requests for this type of workshop,? said Newt McCarty, Valencia County CES agricultural agent. ?NMSU agriculture economics professor Jim Libbin and Don H. Umbrage, an Albuquerque certified public accountant, will conduct the workshop.?

?It?s a constitutional right to affect your tax situation within the letter of the law. We are going to talk about managing taxes,? Libbin said. ?We won?t be concentrating on reporting taxes, but more about how to manage income and expense flows to minimize the tax burden.?

The workshop is free and no reservations are needed. For more information, contact McCarty at 505-565-3002 or jnewton3@nmsu.edu.