Articles tagged under: taxes
Defending the Legacy
Published September 17, 2023
There is a difference between a tax preparer and a tax strategist. Freedom Finance Group CEO Marissa Nehlsen said a tax preparer simply takes a customer's information and prepares the return and a tax strategist provides options "on how to…RRFN Forum: Ag Law and Taxes
Published September 12, 2023
A myriad of legal issues have faced agriculture in recent years, including Supreme Court decisions on WOTUS and Proposition 12. An ever-changing tax code is also the norm. Roger McEowen, professor of agricultural law and taxation, Washburn University School of…Historic Tax Bill Signed
Published April 28, 2023
North Dakota Governor Doug Burgum has signed a major tax relief package. It includes $358 million in income tax relief and nearly $157 million in property tax relief. Burgum did not get the flat tax he sought at the beginning…Bohn Reflects on Year as NCBA Leader
Published February 2, 2022
Looking back on his time as president of the National Cattlemen’s Beef Association, Jerry Bohn said the biggest achievement was protecting taxes for agricultural options. "The Biden Administration was looking pretty hard at taking away stepped-up basis, increasing capital gains…Cautious About Budget Surplus
Published January 21, 2022
The Minnesota legislative session will begin in less than two weeks. While there is a budget surplus, Minnesota House Ag Finance and Policy Committee Lead Republican Paul Anderson does not think lawmakers should spend it all. "This is one-time money…Use Tax Planning as a Tool
Published December 16, 2021
The end of the year means tax preparation. AgCentric Farm Business Management Instructor Nathan Converse says managing income by pre-paying expenses is always an option. "This depends on how the year went. Right now, I have farmer clients who are…An Evolution of Tax Changes in the Build Back Better Act
Published December 1, 2021
There’s been many what-ifs when it comes to federal tax changes for farmers and ranchers this year. As the Senate considers the Build Back Better Act, AgCountry Farm Credit Services Agribusiness Consultant Russ Tweiten says the loss of stepped-up basis…What Happens Next with the Reconciliation Package
Published September 13, 2021
All eyes are on the House Ways and Means Committee as they prepare to review the revenue section of the reconciliation package on Tuesday. That’s where tax changes could happen. National Council of Farmer Cooperatives CEO Chuck Conner says it…Local Land Value Optimism and Tax Changes Ahead
Published May 17, 2021
Higher commodity prices should have an impact on land values. "Maybe this will change the volume of land we'll see in the market and the pricing," said Chris Griffin, president, Red River Land Company. "We are also watching the tax…