More about Paul Neiffer
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 principal with CliftonLarsonAllen in Walla Walla, 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. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
Blog Posts by Paul Neiffer:
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Higher Inflation May Help on Taxes
This year annual inflation adjustments will be the largest in at least 35 years. We go over the more common adjustments.
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Good News on IRS 2023 Inflation Adjusted Lifetime Exemption Amount
The largest inflation adjusted increase in the lifetime exemption amount will occur in 2023. We go over the details.
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What is a Marginal Tax Bracket?
Marginal tax returns usually do not exceed 37%. However, in certain situations they can exceed 100,000%. We discuss when this can happen.
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A Farm CPA’s Labor Day Weekend
Today’s post is on how I spent the weekend with some combine time. That is hard to beat for a Farm CPA.
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Ag Credit Still Appears in Good Shape
The KC Fed just released their report on Ag Credit Trends. We review the major items.
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If You Are Late With 2019 and 2020 Returns – Hurry Up and File
The IRS just announced they are automatically waiving almost all penalties paid on 2019 and 2020 returns filed late. But if you have not filed, makes sure to do it by September 30, 2022.
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Appeals Process for ERP AGI Issues
FSA appears to now allow an appeals process on the Farm AGI issue. Details on the process are limited at this time.
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Prevailing Wages May Not Apply to Farmers
We provide an update from last week’s post on prevailing wage requirements. It likely does not apply to many farmers.
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USDA Doubles Down on Equipment Gains
USDA finally released guidances on equipment gains and farm AGI and it is not the answer we were looking for.
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IRA 2022 – What It Means For Farmers
Now that the Inflation Reduction Act of 2022 has been signed we dig into details of importance to farmers.