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Tag "taxes"

Ag Law in the Field: How Will Tax Reform Affect Agriculture? – Audio

Ag Law in the Field: How Will Tax Reform Affect Agriculture? – Audio

👤By Tiffany Lashmet, Texas Ag Law 🕔Jan 17, 2018

Kristine Tidgren from the Iowa State Center for Ag Law and Taxation joined me on a recent episode of the Ag Law in the Field Podcast to discuss the ins and outs of the recently passed Tax Cuts and Jobs Act. 

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Sen. Grassley Talks: USDA Nomination; RFS Solutions; Infrastructure Funding – DTN

Sen. Grassley Talks: USDA Nomination; RFS Solutions; Infrastructure Funding – DTN

👤By Todd Neeley DTN Staff Reporter 🕔Jan 10, 2018

Sen. Charles Grassley, R-Iowa, said Tuesday the U.S. Senate needs to end a hold on the nomination of Iowa Agriculture Secretary Bill Northey to a key USDA post and also pushed ethanol and oil interests to work out their differences

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Ohio: Farmer, Farmland Owner Tax Webinar, Jan. 29

Ohio: Farmer, Farmland Owner Tax Webinar, Jan. 29

👤By Barry Ward, Ohio State University 🕔Jan 9, 2018

Are you getting the most from your tax return? Farmers and farmland owners that wish to increase their tax knowledge should consider this webinar that will address tax issues important to them. Mark your calendars for January 29, 2018 to

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New Tax Bill: 2 Things To Strongly Consider Doing Before December 31

New Tax Bill: 2 Things To Strongly Consider Doing Before December 31

👤By Dwight Raab, Illinois Farm Business Farm Management Assn. and and University of Illinois 🕔Dec 27, 2017

With the recent passage of the Tax Cuts and Jobs Act (Congress passed on 12/20; President signed on 12/22) there are significant changes to the deductible amount of state income, property tax and real estate tax used in calculating itemized

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Farm Tax Planning Is Important in Good Years … And Bad

Farm Tax Planning Is Important in Good Years … And Bad Updated

👤By Mary Lou Peter, Kansas State University 🕔Dec 22, 2017

With the new year straight ahead, there’s no better time for farmers and ranchers to take stock of where they are financially in order to put them in the best tax situation possible, according to agricultural economist Mark Dikeman. Dikeman,

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Tax Liability: Estimating Potential Capital Gains – Facts + Estimating Guide

Tax Liability: Estimating Potential Capital Gains – Facts + Estimating Guide

👤By Tiffany Lashmet, Texas AgriLife Extension Ag Law Specialist 🕔Dec 15, 2017

Capital gains tax liability can be a major issue for agricultural landowners that who are looking to sell property. Determining the value on which taxes may be figured can be difficult, particularly when the land was inherited decades ago and

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Farm Business: Base Your End of Year Tax Planning on Current Law

Farm Business: Base Your End of Year Tax Planning on Current Law

👤By Kelli Anderson, North Dakota State University 🕔Dec 12, 2017

Agricultural producers should do tax planning before the end of the year based on the information known at this time. Traditionally, producers try to do tax planning to limit their tax liability. With the downturn in the agricultural economy, limiting

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Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

👤By Gary Schnitkey, Bradley Zwilling, University of Illinois Ag Economists 🕔Dec 6, 2017

Many Illinois grain farmers have reduced capital purchases in recent years, with prospects for further cuts in 2017 and future years. Overall, reducing capital purchases is a prudent step in times of low grain farm returns. Reducing capital purchases, however,

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Farmer Cooperative Group Worries about Possible Tax Law Change – DTN

Farmer Cooperative Group Worries about Possible Tax Law Change – DTN

👤By Chris Clayton, DTN Ag Policy Editor 🕔Dec 1, 2017

The head of the National Council of Farmer Cooperative is concerned about how tax law will treat a 17.4% tax deduction that could pass from cooperatives through to farmers but leave farmer cooperatives without the same financial benefit they now

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Farm Bill: Tax Legislation and the Specter of Sequestration

Farm Bill: Tax Legislation and the Specter of Sequestration

👤By Jonathan Coppess, Gary Schnitkey, and Nick Paulson, University of Illinois Ag Economists; and Carl Zulauf, Ohio State University Ag Economist 🕔Nov 24, 2017

A recent analysis by the Congressional Budget Office (CBO) has raised concerns about the potential impact the Congressional tax bills could have on farm programs and the farm bill. In short, the concern raised is that if the tax bills

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