Editor's Picks
Tag: ag taxes
$10Mln Tax Education Effort for Farmers, Ranchers Aug 10, 2022
The University of Arkansas System Division of Agriculture and the U.S. Department of Agriculture are teaming up to provide taxpayer education to farmers and ranchers. The partnership aims to provide […]
What Is the Deferred Tax Monster and How Has It Been Changing Over Time? May 26, 2022
Farmland prices and machinery values began to increase in 2020 and those values really took off in 2021. In addition to this, we saw increased commodity prices. All of these […]
Ag Taxes: Implications of Partnership to S Corporation Conversions – DTN Apr 6, 2022
With farm income soaring, some farmers are looking for ways to reduce their taxes. One question I’ve been asked is if it’s a good idea to switch a farm partnership […]
Taxes: When Can Farmers Deduct Prepaid Expenses? – DTN Feb 18, 2022
With high crop prices and high input costs (especially this past November/December), understanding how prepaid expenses work is critical. I know many farmers do their own tax planning without realizing […]
Ag Taxes: How to Determine Worker Classification – DTN Jan 22, 2022
Farms are getting bigger and bigger. What does this mean? Farmers need more help. Sometimes, the best solution is to hire someone to plant, spray and/or harvest. Other times, it’s […]
Ag Taxes: Implications of Rising Cybercrime – DTN Dec 29, 2021
I was at a conference recently where a cybersecurity adviser from the Department of Homeland Security discussed cybercrime in agriculture. Cybercrime in agribusiness is on the rise, and no one […]
Possible Tax Changes Hinge on Senate – DTN Dec 1, 2021
Citing his own opposition to the Build Back Better Act, an agricultural tax and law professor detailed some of the tax provisions that were taken out of the bill before […]
Webinar: Year-End Tax Planning for Farmers – Dec. 2 Nov 22, 2021
Join the Alabama Cooperative Extension System for an interactive, two-hour, online program on year-end tax planning for farmers. The business of farming provides more opportunities to schedule the recognition of […]
Webinar: Farm and Ranch Estate, Income Tax Planning – Nov. 29 Nov 16, 2021
For many farm families, managing taxes and decisions about what happens to the farm after they leave the business can be very difficult. Ever-changing laws and regulations make it even […]
Ag Taxes: Should You Switch to a C Corporation? – DTN Oct 6, 2021
For the fiscal year 2021, the Congressional Budget Office projects tax revenue collected from corporations at $238 billion. To put that into perspective, corporations account for just 6% of all […]
