Farm Taxes
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Why Use An LLC?
Many farm operations operate as corporations. In most cases, an LLC may have been the better option.
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Electronic Communications From Cooperatives
As technology advances, the communication of cooperatives to members can get either more complicated or easier.
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Will Net Investment Income Tax Disappear in 2017
The House Republicans released a “manager’s amendment” Monday night that may lead to the repeal of the net investment income tax effective January 1, 2017.
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Social Security – Discounts and Premiums
Farmers many times wonder if they should collect social security at age 62. We are giving you a chart as a reference that may help your decision.
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House Proposes ACA Replacement – A Battle Begins
The House released their long awaited proposal on replacing Obama Care. The battle to get this done is now beginning.
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More IRS Schedule F Audit Activity May be Coming
It appears that the IRS may be ramping audits of farmers especially if they have large amounts of non-farm income.
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When You Might Want to Disclaim?
If you have a taxable estate and your heirs are in the same situation, disclaiming part of or all of a gift or bequest may make a lot of sense.
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Watch Out for Excess Farm Loss Rules
If you received a CCC loan this year and you have a farm loss greater than $300,000, you may not be able to deduct all of the loss.
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Possible Advantages of Border Adjustment
The proposed “destination-based” tax has advantages and disadvantages. We recap some of each.
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Looking for Farm Health Insurance Reimbursement Options in 2017?
Reimbursing employees for health insurance has gotten a little easier. We examine what you can do in 2017.