Taxes
Campbell Soup Shifting Canadian Production to Its U.S. Factories
The Trump administration released a summary of its sweeping tax reform plan Wednesday that has some considerable changes – including repealing the so-called death tax, which is sometimes criticized as a hardship for small businesses and farms.
New and expanded tax incentives for farmers and small businesses provide more flexibility in tax management this year.
Here’s a quick rundown of changes farm managers should pay close attention to this year.
Farmers still face many unknowns in regard to the new tax law, says Paul Neiffer, tax principal with CliftonLarsonAllen.
Beware of changes that could increase your payment
Following several years of IRS investigation, Wednesday Sens. Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.) launched their own probe into the potential abuse of syndicated conservation easement transactions.
Gov. Eric Greitens says his tax plan will result in a 97 percent tax cut for all Missouri taxpayers, eliminate tax burden for many in the working class and encourage new businesses to open in Missouri.
A timeline for the continuation of the farm bill is contingent upon several factors including tax reform and budget issues according to Jim Weisemeyer, a political analyst for Farm Journal Media.