More about Paul Neiffer
Blog Posts by Paul Neiffer:
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My Last Blog Post…?
This is my last blog post for the CLA Ag Blog since I am retiring effective December 31, 2022 (and headed to Hawaii on Wednesday to spend time with my family)
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Farm Loan Interest Rates Are Up (I think you knew that already)
As everyone knows, loan interest rates are higher. A report from the Kansas City Federal Reserve shows by how much.
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Related Parties Don’t Count
We respond to a reader about our last post on paying rent to a landlord at year-end when it is a related party.
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Tax Court Rules Farmer Can Use Old Tractors
A recent Tax Court indicates that farmers can decide to farm how they want to farm without the IRS disallowing those expenses. But it also shows you need good records.
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Prepaid Farm Expenses Reminder
Most farmers prepay farm inputs at year-end for both business and tax reasons. We need to make sure to do them correctly. We review the rules.
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Are You a Farmer?
Many farmers will not qualify as a “farmer” for estimated tax purposes and the possible penalty is much higher than in prior years.
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Happy Thanksgiving!
Just a blog post about my extended trip and wishing a Happy Thanksgiving to everyone.
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What Might be in Year-end Tax Package?
There is a very good chance that some tax laws will get passed by the end of the year. We review what they might be.
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Will 100% Bonus Depreciation Get Extended?
100% bonus depreciation will drop to 80% starting January 1, 2023. There is chatter about extending 100% to December 31, 2025.
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K-2/K-3 Guidance Not Quite As Good
Not all farm partnerships will get a blanket exemption from the K-2/K-3 Forms. We explain why.