The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.
The IRS yesterday released Proposed Regulations under Section 199A. I am actually in Owatonna, Minnesota with Chris Hesse teaching our first full day class on the new tax law and how it affects farmers. With the release of the new guidance, several of our slides on Section 199A have now been changed to reflect this guidance. Due to not being able to fully read through all 184 pages, I am going to highlight the sections of the guidance that are of particular importance to our farmers (SUBJECT TO CHANGE AS WE REVIEW FURTHER).
These are the major items that we have determined in reading the Proposed Regulations. We will continue to update you as we see more guidance.
No comments have been posted to this Blog Post