Tina Barrett - Executive Director of Nebraska Farm Business Inc.

Tina Barrett

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NE Farm Business Inc 3815 Touzalin Ave Ste 105 Lincoln NE 68507
US

Nebraska Farm Business Bio

Understanding and Applying Casualty Losses June 3, 2019

Casualty losses are an area of the tax code that we thankfully don’t have to deal with very often. However, when they do occur, they can be a major event in the life of a farming operation. Here are some things to consider and do now before tax time rolls around.

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Tax Consequences of Weather-Related Sales May 31, 2019

How do tax laws apply to crop and livestock losses due to flooding and should they be applied this year? Consider the effects for 2019, 2020 and afterward from using some of these options.

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5 Things To Do for Your Year-End Tax Planning November 28, 2018

2018 was anything but normal with its new tariffs, price declines, and significant tax changes. While you can't control the uncertainties resulting from these changes, you can take steps to understand their effects and adjust your year-end tax planning.

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Financial Impact of the Tax Cuts and Jobs Act on Ag Producers August 22, 2018

As experts continue to interpret the new tax code, two things are certain for ag producers: The changes are far reaching and complex and in many cases, will result in a lower tax liability. This overview looks at several of the major changes affecting ag producers.

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Section 199a of the New Tax Act – The 20% Pass-Through August 22, 2018

Implementing one of the new tax law changes, Section 199a - the 20% Pass-Through, may offer some challenges to tax preparers working with ag producers who qualify both as business owners and co-op members.

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NFBI Averages Show Crop Operations Buoyed Up by Livestock in 2017 May 17, 2018

The 2017 averages from farm and ranch operations serviced by Nebraska Farm Business, Inc. were recently released and show more polarization among healthy and non-healthy financial situations among the group. With the downturn in crop prices, operations that did not adapt are struggling.

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Overview of Tax Law Changes for Ag Operations January 11, 2018

The author reviews a number of changes introduced by the 2017 Tax Relief Act and briefly notes their possible effect on farm and ranch operations.

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Tax Law Update: Elimination of 1031 Exchanges for Personal Property January 10, 2018

One outcome of the 2017 Tax Relief Act was the elimination of personal property under the rules of Section 1031. This change will affect record keeping for ag operations and may have a significant impact on many farmer's tax returns.

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