Biden’s Tax Plan Details – DTN Oct 29, 2020

🕔Oct 29, 2020
Former Vice President Joe Biden’s tax plan would translate into higher annual income and payroll taxes for roughly 80,000-plus farmers and significantly affect taxes in farm liquidations or the handing […]

Farm Taxes: Transitioning Out of a Partnership or S Corporation – DTN Aug 18, 2020

🕔Aug 18, 2020
I’ve had conversations with several clients recently. Because of the stress and uncertainty, they would like to transition out of farming. Sometimes, this means transitioning to the next generation, and […]

Ag Taxes: What to Know About Debt Forgiveness – DTN Jul 28, 2020

🕔Jul 28, 2020
As I’m writing this article, we are still waiting for guidance on PPP (Paycheck Protection Program) loan forgiveness. Based on what is being discussed in Congress, there will be some […]

Ag Tax Provisions from the Coronavirus Aid, Relief, and Economic Security Act – DTN Jun 19, 2020

🕔Jun 19, 2020
These are strange times. Back in January, many of our agribusiness subindustries were poised to have a good year. We reached a trade agreement with China. Milk and cattle prices […]

Farm Taxes: Partnership Capital Accounts – It’s Complicated – DTN Mar 25, 2020

🕔Mar 25, 2020
Partnership reporting has undergone some drastic changes in the past few years. In 2018, the IRS required that if a partnership tracked capital accounts on a nontax basis, the partnership […]

Taxes: 7 Key Tips from New Retirement Act – DTN Feb 10, 2020

🕔Feb 10, 2020
The Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE Act, was passed by the House in July 2019 and approved by the Senate on Dec. 19, […]

Farm Business Decisions: Emotions Are Not Your Friend – DTN Jan 9, 2020

🕔Jan 9, 2020
Tax planning always makes me reflect. To say 2019 was a wild ride is an understatement. We saw large swings in commodity prices, increases in dairy prices and optimism in […]

Farm Employee Or Contractor? 4 Points For Determining Status – DTN Oct 15, 2019

🕔Oct 15, 2019
One question that often comes up during tax planning is how you should pay a worker. In other words, is he or she an employee or an independent contractor? This […]

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

🕔Mar 5, 2019
I’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 […]

Farm Taxes: Equipment Trade-Ins – Navigating State vs. Federal Rules – DTN Nov 21, 2018

🕔Nov 21, 2018
Tax treatment of equipment trade-ins got a tune-up in 2017’s tax reform legislation. Experts say provisions restricting like-kind exchanges for machinery are offset by more generous rules on depreciation, resulting […]

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