Farm Business: Taxes – Who is a ‘Related’ Person? Why It Matters

🕔May 22, 2018Most farmers and ranchers have extended family members who are also in the business and from time to time they likely do business with each other. What many might not […]

Farm Taxes: S-Corp or C-Corp? New Tax Law Makes Choice Complicated – DTN

🕔May 14, 2018With the lowering of C corporation tax rates, several clients have asked about corporate structure. In the past, the best choice was almost always an S corporation. But the new […]

Ag Barometer: Producer Sentiment Turns Higher; Many Expect Lower Taxes

🕔Feb 6, 2018After trending lower in late 2017, the Purdue/CME Group Ag Economy Barometer turned higher in January. The monthly survey of 400 agricultural producers from across the U.S. indicated that the […]

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

🕔Jan 9, 2018Are 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 […]

Farm Incomes, Tax Reform: Near Term Benefits but Unsure Long Term – DTN

🕔Dec 19, 2017Farm leaders over the weekend praised Sens. John Hoeven, R-N.D., and John Thune, R-S.D., for writing an amendment in the final tax bill to address the elimination of Section 199, […]

Farm Policy: Interest Deduction Tax Proposal Concerns Farmers

🕔Jun 26, 2017Richard Rubin reported yesterday at The Wall Street Journal Online that, “Republicans looking to rewrite the U.S. tax code are taking aim at one of the foundations of modern finance—the […]

Ask the Taxman: Like-Kind Exchanges; Housing Deduction; LLC Value – DTN

🕔Feb 8, 2017QUESTION Our parents left their land to my brother, sister and me. We have a crop-share arrangement with a young farmer and are working to divide the properties. Since we […]

Farm Tax Filing: Be Aware of Changes Before Completing Returns

🕔Jan 25, 2017Although it is unclear what the future will bring, some changes have already been put into law that will affect tax returns filed for fiscal 2016. “One major change for […]

Farm Taxes: 5 Tasks to Consider Before January 1

🕔Dec 14, 2016Traditionally, farmers try to do tax planning to limit their tax liability. With the downturn in the agricultural economy, limiting tax liability may not be an issue, but tax planning is still […]

Farm Taxes: Accelerated Depreciation and Machinery Purchases

🕔Dec 2, 2016It is a common tax management strategy to use accelerated depreciation, which includes bonus depreciation and section 179 depreciation, to reduce taxable income on crop farms. For 2016, up to […]

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