Want To Quit Farming? Tips For Cushioning Tax Obligations – DTN Dec 1, 2020

🕔Dec 1, 2020
It’s been a trying year. Commodity prices have been volatile, and the weather has wiped out large sections of crop. The stress has taken its toll on the farm community. […]

Ag Producers Income Tax Management Program, Online, Dec. 1 Nov 20, 2020

🕔Nov 20, 2020
A tax management program will be offered to producers and tax preparers on Dec. 1 from 1 to 4 p.m. Central time, via Zoom technology. “This program provides an excellent […]

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 […]

Trump vs. Biden: Ag and Rural Issues Raised – DTN Sep 10, 2020

🕔Sep 10, 2020
Responding to questions from the American Farm Bureau Federation, President Donald Trump’s campaign points to the administration’s support for farmers and agriculture in regulations, trade and labor, while former Vice […]

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 […]

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 […]

Lost Co-op Tax Break Seems Headed Towards Reinstatement – DTN Mar 5, 2020

🕔Mar 5, 2020
Leaders of the National Council of Farmer Cooperatives are optimistic IRS officials will adjust Section 199A(g) tax breaks after testimony this week from Treasury Secretary Steve Mnuchin. Reviewing the “Grain […]

Income Taxes: Farmer Filing Deadline Is March 2 Feb 12, 2020

🕔Feb 12, 2020
Agricultural producers have until March 2, to file their 2019 income tax returns without penalty if they have not made estimates. “Producers have until April 15 to file without penalty […]

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, […]

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