Taxes: Does the IRS Consider Your Farm a Hobby or a Business?

🕔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, 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 […]

Arkansas Water Tax Credits Program Receives a Face Lift

🕔Apr 24, 2019The Arkansas Natural Resources Commission (ANRC), which establishes policy for conservation, water rights, and resource planning, oversees a state tax credit of up to $10 million a year available to […]

Property Taxes Rising: Up 21.3% in 2017 Compared to 2012 – DTN

🕔Apr 17, 2019The big fight in the Nebraska Legislature this year is over plans to reduce property taxes, which has the state’s farm lobbies pushing lawmakers hard for some relief. Numbers taken […]

Farmer Tax Credits: 4 To Consider Going Forward – DTN

🕔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, 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, 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 […]

Farm Tax Planning – 4 Reports To Ready Before December 31

🕔Dec 20, 2018Editor’s Note: In the last few weeks of the year, we posted a flurry of articles about tax planning and changes due to new tax codes. Here are 4 reports […]

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 […]

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