January, 2018
-
Trades of Land Can be Tricky
Land exchanges were easier under the old tax laws. We show you how more complicated it is under the new tax law.
-
Equipment Trade-Ins (Continued)
Trade-ins of farm equipment is getting more complicated. We go over some of the examples.
-
State Tax Treatment of Farm Equipment Trades
Gain on trading-in farm equipment is now required. With 100% bonus depreciation, the net bottom line is still likely the same. However, in many states the net deduction can be substantially different. We fill you in.
-
Farm Tax Webinar – February 7
We are having a webinar on February 7 on the new tax bill and its implication for farmers. Everyone is invited to attend.
-
How Much Business Interest Can I Deduct?
Most farmers can continue to deduct 100% of their business interest. But there can be a limit. We explain the new rules.
-
Why Did They Call It 199A?
We continue to see confusion from farmers and taxpayers on the new Section 199A deduction. We provide some additional guidance on it.
-
Update on Deducting Real Estate Taxes
We continue to get questions on how much real estate taxes farmers can deduct. We provide an update.
-
How to Calculate the Corporate Tax Rate?
For fiscal year corporations, the calculation of tax is a combination of 2017 and 2018 rates.
-
Watch Out for ACA Premium Repayment
Farmers who get their medical insurance on the exchange and receive a premium subsidy need to be more careful in 2018. We show you why.
-