Year End Tax Planning – 13 Points for Ag Producers to Consider

🕔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: Tips for Fixing Quicken Mistakes Quickly

🕔Dec 3, 2018With your December pre-tax planning meeting right around the corner, it is time to get your Quicken file in order. If you are like most farms and ranches, it has […]

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

🕔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, 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, […]

Trade Aid: Deadline for Signup Is Jan. 15

🕔Nov 28, 2018The Market Facilitation Program (MFP) provides partial compensation to farmers and share-rent landowners for losses occurring because of trade disputes. This program is administered by the Farm Service Agency (FSA) […]

Indiana: Ag Tax Law Workshop, Greenfield, Dec. 3

🕔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 […]

Mississippi: Ag Financial Professionals Workshop, Starkville, Dec. 12

🕔Nov 27, 2018December is a time when many producers seek advice from financial advisors as they plan their crops for the next year. The Mississippi State University Extension Service is hosting a […]

Farm Taxes: Good Time to Get Out of Your C-Corp with Less Penalties – DTN

🕔Nov 23, 2018There was a time when C-corporations made a lot of sense for farmers, but as tax laws changed and the benefits eroded, farmers found changing their business structure could be […]

Farm Taxes: Equipment Trade-Ins – Navigating State vs. Federal Rules – DTN

🕔Nov 21, 2018Tax 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 […]

Farm Taxes: Net Operating Losses No Longer Offset Profits in Future Years – DTN

🕔Nov 20, 2018Annual profits and losses in agriculture generally follow a rollercoaster path with sharp peaks and valleys. In the past, a tax-loss year would help farmers and ranchers offset profits from […]

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