A two-day school will be held to inform and update tax practitioners and consultants.

The annual program, held throughout the nation at 26 locations, will be presented Nov. 21 in the County Farm Bureau building, 315 N. Sixth St.

The program will cover many financial aspects, including loss and deduction limitations, alternative minimum tax, net operating losses, rulings and cases, depreciation, interest, urban problems, agricultural programs and problems, material participation, financial distress, Individual Retirement Accounts, retirement distributions and taxation of real estate transactions.

The DeKalb County Cooperative Extension service said the program is designed to help people in tax preparation and filing.

The program is sponsored by the University of Illinois Cooperative Extension service, and according to Dave Whitson, the county extension adviser, the classes are restricted to persons who prepare income tax returns for others.

The instructors are Certified Public Accountants, experts from the Chicago and Springfield districts of the Internal Revenue Service and instructors from the U of I who focus on new laws that develop from the preceeding year.

The school also focuses on farm as well as non-farm tax returns.