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Tag "taxes"

Farm Business: Tax Reform Benefits and Drawbacks for 2018 – DTN

Farm Business: Tax Reform Benefits and Drawbacks for 2018 – DTN

👤By Chris Clayton DTN Ag Policy Editor 🕔Nov 14, 2017

The U.S. Senate’s tax-reform bill released late Thursday would keep more tax brackets and maintain the estate tax, but also would still keep several tax provisions important to farmers regarding equipment expensing and pass-through income.   With the House advancing its

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Tax Reform: ‘Unintended Consequences’, Conaway Says Will Fix Land Rental Tax – DTN

Tax Reform: ‘Unintended Consequences’, Conaway Says Will Fix Land Rental Tax – DTN

👤By Chris Clayton DTN Ag Policy Edito 🕔Nov 10, 2017

The issue of tacking self-employment taxes to rental income was an “unintended consequence” of the House tax reform bill that should be fixed before the bill hits the House floor for full debate, according to Rep. Mike Conaway, R-Texas. Conaway

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Tax Reform: Self-Employment Tax Looming for Landowners Leasing to Farmers or Family Partnership – DTN

Tax Reform: Self-Employment Tax Looming for Landowners Leasing to Farmers or Family Partnership – DTN

👤By Chris Clayton DTN Ag Policy Editor 🕔Nov 8, 2017

The House tax-reform bill meant to lower taxes could lead to a self-employment tax hitting every landowner who leases land to a farmer and farmers who lease farmland to a family partnership. The tax bill would be 15.3% higher under

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Tax Reform: New Bill Offers Ag Incentives, but Is It All Good?

Tax Reform: New Bill Offers Ag Incentives, but Is It All Good?

👤By Lydia Holmes, USA Rice 🕔Nov 7, 2017

Last Thursday Congressman Kevin Brady (R-TX), chairman of the House Ways and Means Committee, introduced a huge tax reform bill he says will simplify the tax code, lower individual rates, and create jobs.  The “Tax Cuts and Jobs Act” includes

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Alabama: 9 Ag Outlook Meetings Scheduled Dec.-Feb.

Alabama: 9 Ag Outlook Meetings Scheduled Dec.-Feb.

👤By Katie Nichols, Alabama Cooperative Extension 🕔Nov 6, 2017

The Alabama Cooperative Extension System will hold a series of Alabama Agriculture Outlook meetings across the state in December and January. The Farm and Agribusiness Management team will update farmers, producers and agribusiness owners on the current agricultural situation in the state, as

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Trump Tax Reform Plan Gets Mixed Response from Farm Groups – DTN

Trump Tax Reform Plan Gets Mixed Response from Farm Groups – DTN

👤By Chris Clayton DTN Ag Policy Editor 🕔Nov 3, 2017

House Republicans released a long-awaited tax-reform and tax-cutting plan that lowers tax rates for corporations and families, but forces both businesses and families to give up or reduce some favorite long-standing tax breaks. “This is a complete redesign of the

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Farming and Politics: Race for Tax Reform Begins – DTN

Farming and Politics: Race for Tax Reform Begins – DTN

👤By Chris Clayton, DTN Ag Policy Editor 🕔Oct 30, 2017

The starting gun for a flat-out sprint to pass a tax-reform bill was fired Thursday when Congress passed a fiscal-year 2018 budget resolution. The White House on Friday sent out an array of bullet points touting the need for tax

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U.S. House of Rep. Passes 2018 Budget – DTN

U.S. House of Rep. Passes 2018 Budget – DTN

👤By Jerry Hagstrom, DTN Political Correspondent 🕔Oct 27, 2017

The House of Representatives on Thursday passed the fiscal year 2018 budget resolution that had earlier cleared the U.S. Senate, setting the stage for the Republicans to write a tax reform bill. The budget resolution will allow the Senate to

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2017 Tax Reform: How Would Proposals Affect Farmers?

2017 Tax Reform: How Would Proposals Affect Farmers? Updated

👤By Tina Barrett, Executive Director of Nebraska Farm Business Inc. 🕔Oct 23, 2017

It looks more likely each day that Congress will pass some sort of tax reform this session. This article looks at how the current tax reform changes proposed by President Trump would impact farmers and ranchers. Two of the main

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Farm Taxes: The Devil Really is in the Details When it Come to the Tax Code – DTN

Farm Taxes: The Devil Really is in the Details When it Come to the Tax Code – DTN

👤By Andy Biebl, DTN Tax Columnist 🕔Oct 10, 2017

Farmers and ranchers learn early in their careers that Congress has carved out special tax provisions for their industry. But, a farmer can be defined differently for different provisions. In general, the most common definition focuses on income from growing/raising

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