Ask the Taxman

DTN Tax Columnist Rod Mauszycki reviews some of the provisions in President Joe Biden's 2023 Greenbook that affect agriculture.

DTN Tax Columnist Rod Mauszycki explains the differences between a farm partnership to an S Corporation.

With high commodity prices, farmers are looking to buy or sell land, gift land and enter into 1031 exchanges. However, there could be unexpected tax consequences as a result.

DTN Tax Columnist Rod Mauszycki reviews what a prepaid expense is, and how it might be limited or disallowed by the IRS.

There can be substantial tax issues if an employee is misclassified, so it's important to review what is an employee versus an independent contractor.

DTN Tax Columnist Rod Mauszycki says cybercrime in agribusiness is on the rise, and that crime has tax reporting implications.

DTN Tax Columnist Rod Mauszycki explains the numerous benefits of a Charitable Remainder Trust.

Farmers should talk to input suppliers about their plans to prepay for next year's inputs as soon as possible if they're relying on it as a tax strategy in 2021. Shortages are widespread and many suppliers are requiring farmers to take delivery to prevent issues down the road if supply...

Due to proposed tax changes by the Biden administration, staying as or switching to a C corporation might be the right call.

Because of the weather's significant impact on farmers this year, let's review a few planning opportunities to help mitigate the potential tax consequences.

A glimpse into the Biden administration's future tax proposals.

DTN Tax Columnist Rod Mauszycki looks at the American Families Plan (AFP) tax proposal.

Because of the nature of farming, independent contractor classification could have a huge impact on the industry.

In December, Congress passed the Consolidated Appropriations Act, the longest bill ever passed by Congress and one of the most expensive. DTN Tax Columnist Rod Mauszycki picks apart the pieces relevant to agriculture.

What is the Biden Tax Plan, and how could it affect farms?

No gain or loss is recognized when property is involuntarily converted into similar property or property related in service or use. Rod Mauszycki explains this IRS code.

DTN Tax Columnist Rod Mauszycki explains stepped-up basis and why it's important to estate planning and farming.

DTN Tax Columnist Rod Mauszycki gives an overview of 1031 Exchanges for those farmers considering leaving farming.

In August, USDA, Farm Service Agency and Commodity Credit Corp. released information that provided clarity in regard to farm income and active management.

Installment sales are a powerful tool in farming. However, there is a level of complexity that needs to be understood.