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Articles tagged under: tax

Tax Cuts for Farmers and Ranchers

Published July 8, 2025

The budget reconciliation bill includes a continuation of the estate tax exemption and the 20 percent 199A tax deduction. The bonus depreciation, which was being phased out, will revert to 100 percent again. NDSU Extension Farm Management Specialist Ron Haugen…
Latest NewsAg BusinessPolicy

A Mix of Tax Policy Possibilities

Published November 21, 2024

Speaking at the University of North Dakota Tax Practitioners Institute, Washburn University School of Law professor Roger McEowen said he is watching what Congress in this post-election session. "In the lame-duck session, there are some things that must pass, some things…
Top StoriesLatest NewsAg BusinessPolicy

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.…
Top StoriesLatest NewsAg BusinessPolicy

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…
Top StoriesLatest NewsAg Business

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…
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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…
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