Bankruptcy: Are Taxes Dischargeable? Sep 9, 2019

🕔Sep 9, 2019When facing financial trouble and bankruptcy, don’t forget about the taxes.  While Chapter 12 bankruptcy contains a provision allowing for the deprioritization of taxes, there is no comparable provision for […]

Taxes: Does the IRS Consider Your Farm a Hobby or a Business? May 8, 2019

🕔May 8, 2019Understanding tax laws and guidelines can help you avoid unexpected tax consequences on your small farm or ranch. “Your tax return has been selected for examination by our office.” These […]

Texas: Ag Law Program, San Antonio, June 7 Apr 30, 2019

🕔Apr 30, 2019The Texas A&M AgriLife Extension Service will present “Owning Your Piece of Texas: Agricultural Laws Texas Landowners Need to Know” on June 7 in San Antonio. This free program is […]

Farmer Tax Credits: 4 To Consider Going Forward – DTN Mar 5, 2019

🕔Mar 5, 2019I’m writing this column at 10 p.m. at night after a long week reviewing tax returns. Although tax reform has produced some mixed results, I’m still finding benefits for my […]

IRS Waives Estimated Tax Penalty for Farmers Mar 1, 2019

🕔Mar 1, 2019The Internal Revenue Service (IRS) has waived the estimated tax penalty for qualifying farmers who file their return and pay any taxes due by April 15, 2019. “Typically, agricultural producers […]

Ag Taxes: 3 Strategies for Navigating the New Section 199A Feb 5, 2019

🕔Feb 5, 2019This tax season will be the first time cooperatives and their patrons will consider the income tax consequences of the Tax Cuts and Jobs Act of 2017 (TCJA). A key […]

Year End Tax Planning – 13 Points for Ag Producers to Consider Dec 11, 2018

🕔Dec 11, 2018Agricultural producers should do tax planning before the end of the year. “In tax planning, it is best to start with year-to-date income and expenses, and estimate them for the […]

Farm Taxes: 5 Things to Do ASAP, Plus Old Strategies that No Longer Work Dec 3, 2018

🕔Dec 3, 20182018 was anything but a normal year. We saw tariffs, price declines, and a long, hard harvest for many farmers, as well as significant tax changes. These changes have led […]

U.S. House Tax Package is Jam-Packed, Includes Biodiesel Tax Credit – DTN Nov 29, 2018

🕔Nov 29, 2018House Ways and Means Committee Chairman Kevin Brady, R-Texas, released a tax and oversight package Monday that includes retirement and other savings enhancements, legislation to redesign the Internal Revenue Service, […]

Indiana: Ag Tax Law Workshop, Greenfield, Dec. 3 Nov 27, 2018

🕔Nov 27, 2018Changes to federal tax laws could impact the bottom line of farmers and those with ag-related businesses. On Dec. 3, Purdue Extension will offer a free workshop to help agriculture professionals understand […]

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