Articles tagged under: tax
Tax Exemptions Sunset at the End of ’25
Published October 11, 2024
The 2017 Tax Cuts and Jobs Act will expire at the end of 2025. That jeopardizes the estate tax exemption, stepped-up basis and bonus depreciation. The National Cattlemen's Beef Association surveyed members about the potential change in the tax structure.…Make Tax Planning a Top Priority in 2020
Published November 10, 2020
This year, Northland Community and Technical College Farm Business Management Instructor Betsy Jensen says tax planning should be at the top of the list for farmers. "Review what your farm income looks like for the 2020 calendar year. When accrual…Proposed Regulations for Section 199A Released
Published August 9, 2018
On Wednesday, the IRS released proposed regulations on Section 199A. In a blog post, Clifton Larson Allen Principal Paul Neiffer writes a few pros and cons in reviewing the proposed regulations. The 184 page document is still being reviewed by…MN Tax Bill Vetoed
Published May 23, 2018
As expected, Minnesota Governor Mark Dayton vetoed the tax bill and the supplemental spending bill. The tax bill would have brought the state tax code in alignment with the new tax federal tax law. It also included changes to Section…