Farm Taxes
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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.
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Update on Deducting Real Estate Taxes
We continue to get questions on how much real estate taxes farmers can deduct. We provide an update.
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How to Calculate the Corporate Tax Rate?
For fiscal year corporations, the calculation of tax is a combination of 2017 and 2018 rates.
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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.
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Built-In Gains Tax Less Costly – But Still There
The built-In gains tax of 35% applied to certain gains within five years of switching to an S corporation. With the drop of this rate to 21%, the cost has gotten lower, but has not been eliminated.
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Section 199A Deduction in an Extreme Case of Flux!
There is a lot of chatter on whether Section 199A will be “fixed” by Congress. This deduction is in a extreme case of flux right now. Be aware of any firm or advisor that says they have a solution to maximize the deduction. It is way too early to tell.
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How Do Taxpayers Compare Under Old Law and New Law?
We continue to provide analysis on the new Section 199A tax code and show how tax would look under the old law and the new law.
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Will Cash Rent Landlords Switch to Crop-Share
Crop-share leases are not as popular as they used to be. The new tax law may make them a little more popular for landlords. We show you why.
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How Much is the Co-op Deduction Really Worth?
We have seen several examples of letters, etc. showing the estimated savings from the new Section 199A cooperative deduction. We thought we would provide our guidance on what the savings might actually be depending on your tax bracket.
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Paul Neiffer on RFD-TV on Monday January 8
I will be on RFD TV on Monday January 8, 2018 at 9 am CST and 9:30 CST. This is your time to call in with questions on the new tax bill.