Ethanol and agriculture groups say the Trump administration still has not fulfilled a number of promises made to the biofuels industry.
Farming in a partnership or S corporation may add complexity (and tax) when you transition out. Here are some things to consider.
DTN Tax Columnist Rod Mauszycki discusses debt forgiveness and its possible impacts.
DTN Tax Columnist Rod Mauszycki discusses tax provisions in the Coronavirus Aid, Relief and Economic Security Act.
DTN Tax Columnist Rod Mauszycki discusses key date adjustments and legislative acts resulting from the COVID-19 response.
DTN Tax Columnist Rod Mauszycki discusses the complexity of self-rental and Section 199A.
DTN Tax Columnist Rod Mauszycki discusses capital accounts and partnerships.
DTN Tax Columnist Rod Mauszycki discusses the SECURE Act and offers advice for retirement.
DTN Tax Columnist Rod Mauszycki reflects on the "wild" 2019 tax year.
Sometimes, the best option for a failing farm is to file for bankruptcy. Bankruptcy in farming has its own bankruptcy code, Chapter 12, which allows the farm to restructure and continue operations.
Looking ahead to 2020, IRS guidance is anticipated on several issues of importance to agricultural businesses.
Cash method of accounting is under attack.
How should a worker be paid? The answer is sometimes not black and white.
If you are planning on exiting farming, the IRS has provided some great tools.
DTN Tax Columnist Rod Mauszycki explains regulations the Treasury Department recently proposed for Section 199A that deals with patrons selling commodities to cooperatives and how Specified Cooperatives should calculate and pass through the 199A(g) deduction.
With farm income projected to be 45% lower in 2019 than its peak in 2013, have you lowered your business and personal expenses by 45%?
Some business owners have downsized their vehicles only to discover they can't fully depreciate/expense the purchase. Here are the rules under tax law for depreciating a vehicle used for business purposes.
A variety of tax credits are available to farmers under the new tax law, including credits for fuel, solar and geothermal systems, and hiring someone from a certain target group.
The new tax law eliminated a number of deductions for employees who work from home, and there are a number of ways employers can compensate for that loss.
The past year has been a wild ride from the tax perspective. Here are a few of the major takeaways.
By doubling the standard deduction in tax reform legislation, Congress made it tougher to benefit from charitable donations. However, commodity gifting as well as cash and stock donations still have their place in your tax plan.
