Editor's Picks
Tag: capital gains tax
Ag Taxes: Senate Votes to Protect Farmers, Ranchers from Higher Capital Gains – DTN Aug 17, 2021
In the middle of the U.S. Senate’s flurry of amendments and votes last week on a $3.5 trillion budget reconciliation resolution was a unanimous vote to protect farmers and ranchers […]
Biden Plan Would Raise Farm Taxes, Says Specialist – DTN Apr 30, 2021
President Joe Biden’s plans to raise capital gains and estate taxes would raise taxes on farmers and ranchers despite the Biden administration’s statements that farms and family businesses would be […]
Tax Plan Targets Stepped-Up Basis, Exempts Family Businesses – DTN Apr 29, 2021
While fears of farm groups were realized Wednesday as the White House rolled out its tax proposals under the American Families Plan, the White House maintains elimination of stepped-up basis […]
Farm Finances in Bad Shape? Come Clean, Communicate Now – DTN Jul 31, 2019
Farmers facing financial distress are better off not kicking the can down the road, experts on farm finances said during a webinar Tuesday. Donald L. Swanson, an attorney with Omaha-based […]
Tax Cuts, Jobs Act: What are the Benefits for Farmers? Jul 27, 2018
Robert Tufts, a visiting professor with the Alabama Cooperative Extension System, says Section 199A, the new qualified business income deduction is the most significant change for farmers in the Tax […]
Tax Liability: Estimating Potential Capital Gains – Facts + Estimating Guide Dec 15, 2017
Capital gains tax liability can be a major issue for agricultural landowners that who are looking to sell property. Determining the value on which taxes may be figured can be […]
U.S. Farm Finances: Confirmation that Farmers are ‘Cash Poor and Asset Rich’ Oct 20, 2017
Metrics that can be used to measure farm profitability include earnings before interest, taxes, and amortization (EBITA), net farm income, the operating profit margin ratio, return on assets, and return […]
Ask the Tax Man: Charitable Donations are Tricky, Especially When it’s Property – DTN Sep 20, 2017
It’s becoming routine to see court cases backing the IRS against taxpayers who trip over the rules when donating assets to charity. Checks are difficult enough. Any single contribution of […]
Livestock: Tax Implications of Selling Cattle During Drought Aug 9, 2016
Cattle producers in north Alabama are facing drought conditions. In extreme cases of drought, producers may have to reduce their herd size to take the stress off their pasture. Selling […]
Taxes: Buying Inherited Land; Section 179 Deduction – DTN Feb 10, 2016
QUESTION: I have a current landlord that inherited acreage in September 2014, but now is considering selling, possibly by public auction. Recent land auctions have sold at more than $10,000/acre. […]
