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:

  • One-Third of Americans Lack Retirement Savings

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    August 22nd, 2014

    I came across this article recently and it highlighted a retirement savings issue many people face, especially those that are self-employed. “Many U.S. households are not adequately prepared for retirement, according to a new report from the Federal Reserve that found 31 percent of non-retired respondents indicating they have no retirement savings or pension, including 19 […]

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  • Mid West Crop Tour – Final Conclusions

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    August 22nd, 2014

    I was hoping to write this post last night, but dinner, presentations and then chatting with all of the scouts meant I did not get back to my hotel room until almost Midnight. My key theme for this crop tour is “Can the Great Eastern Crop Lift Up the Not-So Great Western Crop”?  Our tour […]

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  • More than 100 but Less than 500

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    August 20th, 2014

    When a farmer or taxpayer owns an S corporation that incurs a loss, the farmer must show that they have materially participated in the companies operations in order to deduct the loss.  The slam dunk test is that the owner works for more than 500 hours.  If the owner works for less than 100 hours, then […]

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  • Mid West Crop Tour – Wednesday

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    August 20th, 2014

    What a difference a day makes.  On Tuesday, we saw really good corn in Indiana and slightly better than average corn in Eastern Illinois. I woke up this morning expecting to see excellent corn in the rest of Illinois and pretty good corn in Iowa. We left Bloomington and headed toward Peoria to get started […]

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  • Mid West Crop Tour – Tuesday

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    August 19th, 2014

    Today was a tale of two states.  We started in Indianapolis area and went due west to the Illinois border taking six corn and bean samples in Indiana.  We had two low samples in the 170 range, two in the 210 range and finally two in the 250 range for an average of 210.  This […]

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  • Mid West Crop Tour – Monday’s Recap

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    August 18th, 2014

    This is my fifth year of the Mid West Crop Tour and I must admit this is the longest day so far. We left Dublin, Ohio this morning around 7 am and headed north to Bowling Green, Ohio and then turned west on the north side of Fort Wayne, Indiana and then turned south toward […]

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  • The Mid West Crop,Tour Begins

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    August 17th, 2014

    The Eastern Leg of the Mid West Crop Tour met up at a hotel in Dublin, Ohio tonight and got instructions for this years crop tour. A nice new feature for this year is the introduction of an App to record our counts and then submit them electronically. This should allow Pro Farmer to get […]

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  • Mid West Crop Tour

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    August 14th, 2014

    Pro Farmer conducts a Mid West Crop Tour each year.  There are two legs to the tour.  The Eastern Leg starts in Columbus, Ohio this Sunday night and on Monday, about 11 routes are conducted from Columbus to Fishers, Indiana.  These routes will go over the exact same roads as in previous years, however, the […]

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  • Sale of Gifted Grain Can Be Tax Free

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    August 13th, 2014

    We had a reader ask the following question: “We want to gift our daughter (she is not a dependent) some grain that is from the 2012 growing season. We plan to have the elevator issue her a contract to show ownership and then she can call them and sell the grain when she is ready. […]

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  • Three Years is the Normal Statute of Limitations, But Not Always

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    August 12th, 2014

    I get a phone call or email many times during the year asking how long a taxpayer needs to keep documents.  The answer is “it depends” as is usually the answer for all tax questions.  The IRS generally has three years from the due date of your tax return to assess additional tax.  Therefore, if […]

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