Farm Taxes
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What Will Be The New Corporate Tax Rate?
The current top corporate tax rate is 35%. President-Elect Trump and Congress wants to lower this rate. What will it end up at?
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Section 1031 Exchanges Can Be Tricky
I get several calls a year regarding doing a tax-deferred exchange. Many of those calls are not pleasant since the taxpayer has already messed up the exchange by getting their cash.
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Farm Journal Legacy Workshop
The Farm Journal Legacy project is having a two day workshop in Kansas City in the first part of December. I am personally inviting all interested to attend.
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Will Section 179 Be Needed Under Tax Reform
Tax reform may call for immediate expensing of all business investments (other than land). This will be good news for most farmers, but perhaps not all. We explain why.
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How Estate Reform May Work
It is likely that estate tax reform will occur in 2017. However, will it be permanent or expire after 10 years.
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What are the Chances for Major Tax Reform in 2017?
With the election of President-Elect Trump, we will have major tax reform in 2017. We review some of the possible changes.
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CLA at DTN Ag Summit
Our CLA team will have a booth and a couple of speaking engagements at the DTN/The Progressive Farmer and look forward to seeing you at the event
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Married Farm Couples Exempt From Estate Tax on $11 Million
The lifetime and annual gift and estate tax exemption amounts are updated for inflation each year. The IRS just announced the new values and we go over some of the details.
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“Go Go” Farmers Feeling the Pain
“Go Go” farmers expanded aggressively during the last few years. Now this expansion is hurting many of these farmers.
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Watch Out for Taxation of “Hedges”
Many “hedges” are being marketed to farmers lately. Many of these “hedges” do not qualify as tax hedges and the consequences can be harsh.