Farmers get their fair share of cases heard by the U.S. Tax Court, but the decision in the Martin case announced Sept. 27 is particularly significant.
Most larger family farms have been structured as a partnership for FSA payment-limitation purposes.
Here are some common options available to increase farmers’ taxable income after year-end.
The title of this month’s column might seem counterintuitive to most producers. But there are many times when farmers would like to increase their income.
The Financial Accounting Standards Board issued new guidance for leases in 2016.
The amount you can be worth and not pay any federal estate taxes, a value known as the lifetime exclusion, is almost $5.5 million.
Now that President Donald Trump is in the White House and Republicans are in control of the House and the Senate, it is almost a guarantee we will have tax reform this year. There will be major changes that affect farmers.
Paul Neiffer is a tax accountant with CliftonLarsonAllen LLP and author of the blog The Farm CPA. He grew up on a wheat farm in Washington.
Contact him at email@example.com.