About: Paul

Profile

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul drives combine each summer for his cousins and that is what he considers a vacation. Leave a comment for Paul. If you would like to leave a comment for Paul, follow the link above, however, please make sure to include your email address so that he can reply to your comment (your email address will not automatically show up).

Articles by Paul:

  • Will ACA Require You To Include Health Insurance as Wages

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    October 20th, 2014

    Many farmers provide health insurance for their employees.  In years past; whether the employer offered a qualified group plan or simply paid for the employee’s health insurance, the payment of the premium was deductible by the farmer and non-taxable to the employee.  However, beginning January 1, 2014, an employee is only non-taxable on health insurance benefits […]

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  • Base Reallocation Q & A

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    October 19th, 2014

    We have gotten numerous questions regarding the base reallocation election available to owners and we are summarizing these in a Q & A format: Q. Can I increase my base acres? A. No. You cannot increase or decrease your base acres.  Those total acres are set; however, you are allowed to reallocate those acres from […]

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  • Join Andy Biebl, Lance Woodbury and Myself

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    October 15th, 2014

    DTN/Progressive Farmer puts on an Ag Summit in Chicago every year in December.  This year on Sunday December 7 from 1 pm to 5 pm, Andy Biebl, Lance Woodbury and myself will be doing a joint presentation on Farm Retirement and Transition Planning.   Some of the key topics that Andy and I will be presenting […]

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  • Complacency about Fraud Exacts a Heavy Cost

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    October 14th, 2014

    The Association of Certified Fraud Examiners (ACFE) has produced a new infographic, “The Cost of Complacency”, warning about the costs to organizations of being overly complacent about financial fraud. The data was compiled by the ACFE for its 2014 Report to the Nations on Occupational Fraud and Abuse. Here are a few highlights from the […]

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  • Less Than Two Full Days to Get Your Return Filed

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    October 13th, 2014

    I think I must have have gotten 10 or more tax returns wrapped up and out the door today but I know I still have at least 20 or more to get finished by Wednesday at 5 PM (actually earlier for me: I am headed to Southern California to play in my two oldest sons […]

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  • Tax Court Tells IRS “Update Your Regulations”

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    October 10th, 2014

    In an US Tax Court case released on October 9, 2014, the Court essentially told the IRS to update their income tax regulations to reflect changes made to the US Income Tax Code almost 20 years before. If a service business (such as an accounting firm, law practice, medical practice, etc.) incorporates its business, it is […]

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  • Morehouse Appeal is Released – Taxpayer Victory

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    October 10th, 2014

    The Eighth Circuit just released today the long-awaited appeals of the Rollin Morehouse Tax Court case that we have posted on previously.  In the original Morehouse decision. the Tax Court found that essentially all CRP payments received, whether by a farmer or simply a landlord would be subject to self-employment tax. In today’s Eighth Circuit […]

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  • How Might CBO Estimates Change

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    October 9th, 2014

    The Congressional Budget Office (CBO) did an updated scoring of the new farm bill back in April of this year.   It breaks down the major outlays for all related agricultural farm bill spending including ARC and PLC for all of the major covered commodities. I am assuming that CBO has run numerous calculations at various low […]

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  • Time Running Out on Late Portability Elections

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    October 7th, 2014

    We now have a new provision (although it has been around for a few years) that allows the unused portion of the first spouse’s estate to be “ported” over to the surviving spouse.  We call this portability.  There was a lot of confusion surrounding how to report this when the first spouse did not have […]

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  • Taxable is Taxable -Whether a 1099 or not!

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    October 6th, 2014

    I got this question from one of our readers: “Are rebate checks that are received through a growers rewards program from Seed Company for the purchase of seeds taxable as income? I do believe it is but the wholesaler is saying it isn’t because you don’t get a 1099! ” I tend to get several […]

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    Netflix down $110 in after hours trading. Sign of momentum stocks going flat? 5 days ago

    Getting ready to go to LA to defend my son and I APU Alumni golf tournament victory last year. I may have to carry him again 5 days ago

    Everybody worried about bubble in land market. They should worry about stock market bubble 5 days ago

    77 degrees on October 8. Perfect. 2 weeks ago

    Somehow IRS listed several counties in Iowa as drought stricken. Hard to believe after all the rain this year 3 weeks ago

    Just saw a bighorn sheep eating grass in the bank next to the freeway. Less than 30' from my car. 1 month ago

    After 82 days in a rental car my wife has talked me into a cruise. We leave Thursday for Miami. Can't wait 1 month ago

    Will final ear weights set a new record. If so final corn yield will be going higher (unless we get an early hard freeze) 1 month ago

    Getting Train the Trainer info on the new Dairy Margin Protection program today in Denver. Learning a lot so far 1 month ago

    Has the chatter on an early freeze disappeared or is it just dormant 1 month ago